Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Spring Statement 2025 – the news behind the headlines
The Spring Statement has passed with no ‘changes to taxes’. While this statement is true, some ‘taxing’ changes have still been announced in the background. Making Tax Digital (MTD) MTD for VAT has been in place for a while and is now fast-approaching for Income Tax...
What can I do to prepare for a tax investigation?
With HMRC significantly ramping up compliance efforts in recent months and future investment into additional staff, the risk of a tax investigation is becoming more of a concern for both individuals and businesses. Proactive measures are key to mitigating that risk....
Who is at risk of a tax investigation?
Anyone can face a tax investigation. Whether you are a freelancer, a business owner, landlord or a professional filing a self-assessment tax return. HMRC conducts thousands of investigations each year and even with accurate records and no wrongdoing, you could still...
Why we recommend tax investigation protection for our clients
Tax investigations can happen to anyone – whether you are an individual or in business – however good your records are. HMRC regularly undertake random enquiries as a means of policing the system. With a large deficit to fill and investment by the new government over...
Furnished holiday let property changes
In the Spring Budget 2024, the Conservative Government announced changes to the Furnished Holiday Let (FHL) regime from 6 April 2025. We posted an update at the time (please see: Furnished holiday let property changes | Lambert Chapman). This provided a summary of...
Update on the abolition of the non-domiciled regime
Back in March 2024, the Conservative Government announced sweeping changes and the removal of the current tax treatment for non-domiciled individuals in the UK. Following the Labour Government Budget in the Autumn of 2024 and subsequent legislation issued earlier...
Pre Year End Tax Planning For Individuals 2025
As the current tax year is heading to a close, we like to consider the tax planning points that you can consider.
Calculating Statuary Sick Pay (SSP)
As an employee, you are entitled to Statuary Sick Pay, or SSP, when you are unable to work. It is important to calculate SSP correctly, so we have put together some useful points to remember: Rate of SSP The current rate of SSP is £116.75 for 2024/25 and is set to...
Do I need tax investigations insurance?
Introducing our Tax Investigations Insurance: At a time when HMRC seems more stretched than ever, you would think the chance of a tax investigation is relatively low. However, with a significant deficit in the UK economy, the new Labour government is set to hire...
What is the HMRC Starter Checklist?
If you are starting your first job in the tax year, or perhaps you have not been provided with a P45 from your previous employer, the HMRC starter checklist will need to be completed. What is the starter checklist? The HMRC starter checklist is crucial for...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
