Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Trust and Estate Register Non-Compliance Penalties
HMRC Trust and Estate Register non-compliance penalties have been released - this information is taken from https://www.gov.uk/ website. Penalties You may have to pay a penalty if you don’t: register your client’s trust before the registration deadline tell HMRC about...
GDPR Statement of Intent from Lambert Chapman LLP
At Lambert Chapman LLP, we are currently working through the impact and implications of the new General Data Protection Regulations (GDPR) which is being introduced from 25th May 2018, to make sure we are fully compliant with the new rules. Ahead of this, we are...
ACT NOW! P11D – Employers return of Directors / Employee’s Expenses and Benefits in Kind
ACT NOW! It is time to prepare the Forms P11D and P11D(b) for the 2017/18 tax year. The forms are the employer’s responsibility. They are required for directors or employees who are provided with benefits or for whom you pay or reimburse non-deductible expenses. The...
Spring Statement 2018 – Reaction from Lambert Chapman LLP
This week Chancellor Philip Hammond set out changes to the government’s taxation income and expenditure in his first Spring Statement, many of which will have an impact on the way the UK’s small businesses operate in the future. The main tax theme seemed to be a...
Land Glorious Land
We are all aware that Councils are being pushed to find land on which to build houses to achieve Government targets. Maybe you have some land which you are considering selling for development, but have you thought through all your options and considered all the...
VAT Registration Numbers – a bit of useless information…
As some of you may know, I have a particular affinity towards numbers, rather than words. I would like to take this opportunity to share with you some pretty useless information concerning the arithmetical validity of UK VAT numbers that are issued. So, let’s consider...
Tax Investigation Service
One of the services we offer our clients is our Tax Investigation Service (TIS). Broadly clients sign up at the beginning of the tax year to TIS. This should then provide them with protection should HMRC lodge an enquiry into their tax affairs. Should this happen, we...
Common Payroll Misconceptions
As this month’s featured service is Payroll, I thought I would cover some of the common misconceptions that we come across regularly with clients in respect of payroll and associated HR issues. 1) My employee has only been here a couple of weeks so won’t be due to any...
National Insurance Contributions – an outdated system?
National Insurance began its life in the National Insurance Act of 1911, which introduced the concept of benefits based on contributions paid by employed persons and their employer. Originally, two schemes ran side by side, being one for health and pension benefits,...
Revealed – High street banks are charging small firms 20% interest
This was the headline which greeted me when I located the Business and Money supplement amongst all the other sections of the Sunday Times on 31 December 2017 last year. Absolute joy! The article is now scanned into my tax planning file should it be needed later on....
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
