Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
VAT Registration Numbers – a bit of useless information…
As some of you may know, I have a particular affinity towards numbers, rather than words. I would like to take this opportunity to share with you some pretty useless information concerning the arithmetical validity of UK VAT numbers that are issued. So, let’s consider...
Tax Investigation Service
One of the services we offer our clients is our Tax Investigation Service (TIS). Broadly clients sign up at the beginning of the tax year to TIS. This should then provide them with protection should HMRC lodge an enquiry into their tax affairs. Should this happen, we...
Common Payroll Misconceptions
As this month’s featured service is Payroll, I thought I would cover some of the common misconceptions that we come across regularly with clients in respect of payroll and associated HR issues. 1) My employee has only been here a couple of weeks so won’t be due to any...
National Insurance Contributions – an outdated system?
National Insurance began its life in the National Insurance Act of 1911, which introduced the concept of benefits based on contributions paid by employed persons and their employer. Originally, two schemes ran side by side, being one for health and pension benefits,...
Revealed – High street banks are charging small firms 20% interest
This was the headline which greeted me when I located the Business and Money supplement amongst all the other sections of the Sunday Times on 31 December 2017 last year. Absolute joy! The article is now scanned into my tax planning file should it be needed later on....
Important Notice: HMRC ceasing to accept personal credit cards from Saturday
You may have read recently that it will become law that companies are no longer allowed to levy surcharges to customers if they pay by debit or credit card with effect from 13th January. The main industry where I have noticed the credit card surcharge has been for...
Lucy Orrow: Government Review of Inheritance Tax
Recently HM Revenue & Customs were tasked by the Government to undertake a review of Inheritance Tax (IHT) reliefs and exemptions. Their findings were not unexpected. Many individuals who were included in the discussions had little or no awareness of IHT reliefs...
HMRC – Checking the Employment Status of your Sub-contractors
You may have been one of the businesses that received a letter in November 2017 from HMRC inviting you to check the employment status of your subcontractors. If you were, what action have you taken? Have you gone to www.gov.uk and run your subcontractors through the...
Client Satisfaction Survey Prize Draw
Prize draw terms and conditions Last Updated: 25th January, 2018 1. The prize draw (the "Prize Draw") is open to people aged 18 and over who provide their name and email address after completing the survey. 2. Employees or agencies of Lambert Chapman LLP, its group...
Update from Tax Manager Lucy Orrow: Change for Non-UK Domiciled Individuals
For some time we have been waiting for the new non-domicile rules to be signed into law. They were announced last year but prior to the election were put on hold. Now the Finance (No 2) Act 2017 has received Royal Assent they are in force. The charges are effective...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
