If you are a man born after 5 April 1951 or a woman born after 5 April 1953, you have until 5 April 2025 to pay voluntary contributions to make up for gaps between tax years April 2006 and April 2016, if you’re eligible (see below). This extension to the deadline was...
In the Spring Budget 2024, the Government announced changes that will affect individuals who own a Furnished Holiday Let (FHL), effective from 6 April 2025. From this date, furnished holiday letting businesses will be treated in the same way as other property rental...
In the recent Budget on 6 March 2024, the Government announced that it intends to abolish the current tax treatment for UK resident, non-domiciled individuals (non-doms) from 6 April 2025. The non-dom regime has been part of the UK’s tax system for more than 200...
As with any Budget in the modern era, the headlines are generally leaked before the event and the Chancellor was left to fill in the blanks as I sat and watched Spring Budget 2024 this afternoon. For taxpayers, there were any number of points to grab hold of, which...
How can Lambert Chapman LLP help you with tax planning in the next few weeks to ensure that you are maximising your position for the year-end and coming year? As the current tax year is heading to a close, at Lambert Chapman LLP, we like to consider the upcoming...
We have been aware for some time that in the current year, 2023/24, individuals with income taxed under PAYE (so employees in the main) whose salary and benefits do not exceed £150,000, will no longer be required to submit Self Assessment Tax Returns. This is good...
