Carmarthen | Haverfordwest | Lampeter
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Chartered Accountants

Posts by Chloe

IR35: Scope of off-payroll rules chan...

IR35: Scope of off-payroll rules changed from April 2020

  Only payments for services delivered from 6 April 2020 will be subject to the off-payroll rules in the private sector, which is a switch from the rules applying to payments made, irrespective of when the services were performed. HMRC made this sensible announcement on 7 February 2020. Now engagers and contractors can make a […]

New associate joins the team at LHP

New associate joins the team at LHP

  We are pleased to announce that we have an associate joining the team in our Haverfordwest office. Lisa Oliver joins us from an accountancy firm in Gloucestershire, where she has worked for the last 13 years in the Farms and Estates team. She grew up on a family farm in Leicestershire and graduated from […]

Confusion over CGT exemption for new ...

Confusion over CGT exemption for new homes

  Two first tier tribunal (FTT) cases show how a concession to provide purchasers with CGT relief for their new home has been applied differently, depending on how HMRC plays the tribunal rules. Under concession ESC D49 HMRC permits purchasers of homes, who can’t immediately move into the property, to treat the first period of ownership as […]

HMRC updates internal guidelines in m...

HMRC updates internal guidelines in midst of IR35 review

  While the IR35-acjacent CEST tool has received a direct update, HMRC’s manual shows a number of prospective CEST questions, designed to determine tax status. HMRC’s internal manual has been updated to include roughly 70 questions on employment status. The guide was updated on 17 January, adding questions on worker engagement, contract details, payment arrangements, […]

Last-minute VAT query saves £40,000

Last-minute VAT query saves £40,000

In Neil Warren’s favourite VAT query from 2019, an accountant saves a client £40,000 five minutes before they purchased a building plot. I receive many VAT queries from accountants in the course of a year and a lot of them are forgotten as soon as I press the send button on the email. But a few of the questions […]

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