Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Craig Weavers – Plan for growth/mini-budget reaction
The government has been bold with tax cuts which will impact both businesses and individuals. Individuals have been given good news with the cut in basic rate tax by 1% being brought forward early from April 2023. Additional rate tax payers will be very happy with the...
Sean Wiegand – Plan for growth/mini-budget reaction
I listened eagerly to the new Chancellor, Kwasi Kwarteng's statement who I thought spoke well during his 30 minute speech. Was this a Mini Budget?? WOW….. This “Mini Budget” had more amendments to tax than I ever recall from a full budget in the past. This contained...
Graham McNeill – Plan for growth/mini-budget reaction
With a Budget Speech, it's normal that the majority of the detail has already been leaked beforehand, something I always struggle to understand. With regards to today's 2022 mini-budget - I was shocked at the package of tax cuts announced that were not perhaps...
Nick Forsyth – Plan for growth/mini-budget reaction
If this statement from the Chancellor is deemed to be “mini” then heaven help us when he comes to making a major statement! But whether it was “mini” or “maxi” there is lots to look through whilst trying to understand if it is a “final throw of the dice” or the “new...
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....
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
