Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
COVID-19 Checklist – can you reduce your outgoings?
In these difficult times where income could be reduced, we all need to take personal stock to identify actions we could take to reduce our outgoings whilst we are locked down and possibly furloughed, thereby bringing less into the home than we would expect. The...
Self-assessment tax deferral extended to all taxpayers
The deferment of self assessment tax in July 2020 originally marked as for “the self employed” has been expanded to encompass all tax payers needing to make a self assessment payment in July. However, the deferment is optional with the recommendation that if you are...
COVID-19: Self Employment Income Support Scheme
In his statement of 26 March 2020, Chancellor Rishi Sunak announced coronavirus (COVID-19) Self Employment Income Support Scheme. This had been highly anticipated having been suggested for earlier in the week, with information being available about the top figure....
Who is on the side of the ordinary Company Director?
With all of the announcements that have been issued in the last 10 days, there is one group that this “new labour” Conservative Government appear to have forgotten. The man (or Woman) who takes the risks in running the Company and generates lots of VAT and corporation...
Personal Tax Planning 2019/20 – last few days to take action
As the end of the 2019/20 tax year is approaching, there are a number of different things that you could consider whilst stuck at home at the moment. These need to be actioned before 6 April 2020:- Marriage Allowance Where the lowest earning spouse earns less than...
Santander Reporting for Shareholders
If you are a Santander shareholder, you should have received correspondence from Santander regarding the final dividend for the 2019 financial year. What this means The May 2020 dividend (subject to shareholder approval) will be partly paid as a normal cash dividend...
Desert ‘Isolation’ Discs
The current crisis has brought about a flurry of playlists on Spotify from people creating a playlist to share with their friends setting out the songs that they love and why they’ve been selected. We thought we ought to ask resident music buff Nick Forsyth who sets...
Protecting the workforce with a new Coronavirus Job Retention Scheme
The Government has announced a series of measures aimed to protect the jobs of those who are unable to work due to the coronavirus. A Coronavirus Job Retention Scheme will pay a contribution to the wages of employees unable to work due to the COVID-19 pandemic. For a...
Help awarded to the Self Employed with a Self Assessment Deferment of the July payment
The Government acted on Friday (20 March 2020) when the Chancellor issued further cashflow assistance to taxpayers to help them through the Coronavirus crisis and reinstall some confidence in the UK economy which had been in crisis throughout the week. This offer is...
Cashflow assistance announced with no VAT payment until after 30 June 2020
The statement from the Chancellor at the Government Press Conference last Friday evening (20 March 2020) provided cashflow assistance in the form of a VAT Deferral Scheme that will be widely appreciated by the business community and may well reignite some well needed...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
