Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Update: Making Tax Digital for VAT
Making Tax Digital (MTD) started becoming mandatory from 1 April 2019, meaning that the vast majority of VAT-registered businesses that are on a quarterly stagger should have submitted their first MTD VAT returns by now. I say 'should' since an HMRC announcement on 1...
IR35 and Control
For there to be a contract of employment in place, there are three main elements that need to be present. These are: Personal service – the need to carry out work by your own hand. Mutuality of obligation – there must be a mutual obligation between the parties for one...
Pension Planning Update
Planning for your future or planning for now? We are all aware that putting money into a pension enables us to save for our future retirement but have you considered the savings that are available now? Each year, we all have up to £40,000 of annual allowance for...
Tax Planning
Once upon a time, Tax Planning was seen as a right of all taxpayers. In fact books even had forewords such as ‘The aim of this book is to enable the taxpayer to minimise his commitments to the Revenue’ (1966). In the current climate however, the Courts and public...
Charity Quiz Night 2019
On 14th November 2019, 16 teams gathered at Braintree Golf Club for the annual Lambert Chapman charity Quiz Night. As part of our fundraising partnership with Essex and Herts Air Ambulance, all proceeds from the evening were pledged towards supporting the life-saving...
Loan Charge Review Delayed
Following yesterday’s announcement that the report into the Loan Charge has been delayed, concern has been raised that the results will not be published until after 31 January 2020. This charge relates to individuals who entered into disguised remuneration schemes,...
Supporting the Brainwave Charity Quiz Night
On Thursday 24 October 2019, Lambert Chapman LLP hosted a quiz for Brainwave, a charity that we have helped support over a number of years. Brainwave helps children with disabilities and additional needs to achieve greater independence by aiming to improve mobility,...
Supporting the Benson School of Motoring Charity Quiz Night
On 23 October 2019, Lambert Chapman LLP hosted a quiz being organised by Benson School of Motoring in order to raise funds for Cancer Research. Richard Hamilton and Mike Carabine posed the questions and were ably assisted by Sarah Hamilton who marked the papers. There...
Withholding Tax on Payments to Foreign Entertainers
When a company pays foreign entertainers and/or sportspersons and their personal allowance is exceeded, tax must be deducted, this is called withholding tax. The company would pay HMRC as a payment on account against the entertainers or sportspersons final UK tax...
The Importance of Positive Thinking
I have been fortunate to be able to see quite a lot of county championship cricket over the summer. Essex had a marvellous season, winning both the championship and also the T20 competition. Their success was based on teamwork, positive thinking and a never say die...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
