Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Loan Charge Review Delayed
Following yesterday’s announcement that the report into the Loan Charge has been delayed, concern has been raised that the results will not be published until after 31 January 2020. This charge relates to individuals who entered into disguised remuneration schemes,...
Supporting the Brainwave Charity Quiz Night
On Thursday 24 October 2019, Lambert Chapman LLP hosted a quiz for Brainwave, a charity that we have helped support over a number of years. Brainwave helps children with disabilities and additional needs to achieve greater independence by aiming to improve mobility,...
Supporting the Benson School of Motoring Charity Quiz Night
On 23 October 2019, Lambert Chapman LLP hosted a quiz being organised by Benson School of Motoring in order to raise funds for Cancer Research. Richard Hamilton and Mike Carabine posed the questions and were ably assisted by Sarah Hamilton who marked the papers. There...
Withholding Tax on Payments to Foreign Entertainers
When a company pays foreign entertainers and/or sportspersons and their personal allowance is exceeded, tax must be deducted, this is called withholding tax. The company would pay HMRC as a payment on account against the entertainers or sportspersons final UK tax...
The Importance of Positive Thinking
I have been fortunate to be able to see quite a lot of county championship cricket over the summer. Essex had a marvellous season, winning both the championship and also the T20 competition. Their success was based on teamwork, positive thinking and a never say die...
The Danger of VAT Partial Exemption for Farmers
A favourite tried and trusted technique for Government in raising taxes is to forget to uplift a threshold. Given the effluxion of time and a dose of inflation (albeit the latter has less of an eroding effect in the modern era), more and more tax payers will move...
Changes to IR35 and Personal Service Companies (PSC’s)
There were changes introduced into the Public Sector relating to the IR35 rules which came into force 6 April 2017. The changes switched the onus from the PSC to the Public sector engager to decide if IR35 should be applied. If the Public sector body decided that IR35...
HMRC Tax Investigations
HMRC have released data on their Tax Investigations Campaigns showing revenue from January 2015 to March 2017. As you can see from the increase in the chart below, the income achieved from these targeted areas has been significant. Campaign Launched 31/1/2015 (£)...
New Capital Gains Tax Rules on the sale of a Residential Property
Are you considering selling a residential property? When is the transaction likely to complete? Have you considered the Capital Gains Tax implications if it isn’t your only and main home? New rules from 6 April 2020 impact sellers of residential property which...
A personal comment about the Flu Vaccine from John Smith-Daye
It’s that time of year again – the cold and flu season is upon us. Nowadays, I am always first in the queue to get the flu vaccine, for obvious reasons if you know my recent past…. Three years ago in late February on the Sunday evening I had a sore throat. On the...
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
