Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Mike Carabine – Plan for growth/mini-budget reaction
Reading the start of the Policy Paper trumpeting the cancellation of the intended increase in the headline rate of corporation tax from 1 April 2023, if you hadn’t lived through the surreal last month or so, you would assume that when Liz Truss became Prime Minister...
Lucy Orrow – Plan for growth/mini-budget reaction
The Autumn Statement introduced by our new Chancellor, Kwasi Kwarteng, has provided some headline changes for individuals. It was announced yesterday that the increase in employees’ and employers’ national insurance is being reversed from 6 November, so next month’s...
Government food strategy and farming businesses
In these current economic times of high inflation and increased uncertainty around the squeeze on household incomes - imagine if your business is involved in the farming industry. Where the business focus is in food production, food prices are not just something that...
Trust registration service update
Following our previous article (Update to the trust Register - July 2021) and Katy Stables' recent update regarding the registration of non-taxable Trusts (Deadline for registering with the Trust Registration Service - Aug 2022), the deadline of 1 September 2022 is...
Property income reporting
We are seeing a high number of HMRC ‘nudge’ letters being issued, suggesting that rental income from property has not been correctly reported. HMRC are obviously getting this information from somewhere as many of the approaches made to us have been from landlords...
Deadline for registering with Trust Registration Service (TRS)
Following changes made to the UK’s anti money laundering laws and implementation of the Fifth Money Laundering Directive, all express trusts must now register with HMRC’s Trust Registration Service (TRS). An express trust is a trust that has been deliberately created....
Our charity partnership with the Motor Neurone Disease Association comes to a close
July 2022 marks the start of a new financial year which means that as 2021/22 comes to a close, regretfully, so does our charity partnership with the Motor Neurone Disease Association. There were some very personal reasons why this charity was nominated for selection...
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA)
Draft legislation for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been issued by HMRC. From April 2024, individuals with a turnover of £10,000 or more from self-employment or property income will be required to make quarterly submissions with a...
The Conservative Leadership Race – who’s saying what about taxes
The Conservative Leadership Race is hotting up as the eight MPs who have made it through to the next stage of the race to replace Boris Johnson have been revealed. With our accountant hats on, we're most interested in what the candidates are saying about finances and...
Considering buying or selling a business? 11 key considerations
During the pandemic, we’ve received an increased number of enquiries from people wanting to buy or sell businesses, therefore, we have produced this guide which covers some of the key considerations for those buying or selling a business. A recent article by PWC...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
