Carmarthen | Haverfordwest | Lampeter
01267 237534    info@lhp.co.uk
LHP
Chartered Accountants

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Matthew
Williams

FCA CTA

Managing Director

As a qualified Chartered Accountant and Chartered Tax Advisor, Matthew is able to advise on a wide range of matters, including specialist tax issues


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Eirian
Humphreys
ACA FCCA

Agricultural Director

Having worked on the family farm for a number of years, Eirian Humphreys decided on a change of career in 2000, and joined a local accountancy practice…


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Janet
Collins

ACCA

Director

Janet started her accountancy career with a Llandovery accountancy practice in 1984, before moving to a larger Swansea accountancy firm to gain more experience


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Latest News

Business News – Series of government updates
  #1 Department for International Trade (DIT) has issued guidance for UK Businesses trading internationally.   This advice is for
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Coronavirus VAT deferment: Get the details right
  Many UK businesses are at risk of losing out on the Coronavirus three month VAT deferment if they do
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Coronavirus Small Business Support Grant application form links
  Please see below the links for online Grant application forms to be completed by small businesses for the Coronavirus
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Has your business got online banking?
With the current lockdown situation and the lack of ability to move around why not get your bank feeds set up with
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UK Government unveils aid for self-employed
  The Government has announced a new Self-Employed Income Support Scheme:   The headlines   The government will pay self-employed
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You must have your mortgage holiday agreed with your lender
    Whether you decide to take a mortgage holiday during the financial difficulty of Covid-19, you must contact your
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VAT deferral will apply from 20 March 2020 until 30 June 2020
    For VAT, the deferral will apply from 20 March 2020 until 30 June 2020.   All UK businesses
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Companies to receive 3-month extension period to file accounts during Covid-19
  From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts.
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Coronavirus Job Retention Scheme- Frequently asked questions.
  HMRC announced last week that they would help all employers by offering to cover 80% of employee’s wages. It
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Furlough Letters Guidance
      PLEASE NOTE: THIS NEEDS CONFIRMING WITH LAWYERS AND / OR HR SPECIALISTS AND THE DRAFT LETTER TO
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Fesurau ychwanegol i helpu busnesau bach a’r hunangyflogedig a effeithir gan COVID-19
Rydym yn awyddus i sicrhau eich bod yn ymwybodol o’r cyngor a’r wybodaeth diweddaraf a ddarperir gan y llywodraeth, a
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Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications today
  We can confirm that the Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications today and supports a wide
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Government support for businesses in Wales during Covid-19 outbreak
Written 23 March 2020   The Welsh Government has issued details of its support for businesses in Wales.   For
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Summary of help available for businesses and self-employed workers during Coronavirus outbreak
  We want to ensure you are kept up to date with the latest guidance and information from the government,
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Small business emergency action plan
  Not all businesses are going to survive the next three months. If your customers are in isolation and cannot
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Companies House to allow coronavirus-related filling extensions
  0 March 2020: businesses affected by the COVID-19 pandemic can now apply to Companies House to request an extension
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Key points from the 2020 Budget
  Measures to mitigate the impact of Coronavirus £12 billion package of tax and spending measures including grants and hardship
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IR35 delay added to £330bn virus aid package
  The government’s £330bn "Whatever it takes" response to the economic impact of coronavirus also brought comfort to freelancers with
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Get ready for changes to Capital Gains Tax payment for UK property sales
    The deadlines for paying Capital Gains Tax after selling a residential property in the UK are changing from
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Business rates cut ahead of Budget
  Extra business rate reliefs for pubs, music venues, cinemas and offices occupied by local newspapers were announced by the
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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
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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
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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
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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,
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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
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Pensions traps trigger annual allowance charge
Taxpayers with modest levels of pension contributions can be caught out by one of two restrictions on their annual allowance.
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Look after your NIC record: No one else will
It’s essential that a person’s national insurance contribution record is accurate so the correct state pension is paid on retirement.
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Government launches off-payroll review
The government has announced a review of the roll-out of its off-payroll working rules, but industry specialists have expressed concern
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Escaping the VAT net
Neil Warren explains that VAT registration can be avoided in some cases if the organisation can tweak its business model.
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VAT: Match not made in heaven
A first tier tribunal panel disagreed about whether dating services should be subject to VAT after the taxpayer claimed that
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Payroll: What 2020 could look like
  Samantha Mann summarises some of the key changes planned in payroll for April 2020 and considers how the recent
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Agricultural property relief: Tribunal puts HMRC out to pasture
Executors of deceased farmers will generally claim reliefs that should apply to the farm property, such that it is fully
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Tax avoidance under scrutiny
  Philip Fisher notes that each of the major political parties is threatening to attack tax avoidance schemes and ponders
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Crackdown on trivial benefits exemption
  HMRC has provided various “interpretations” of the rules for trivial benefits in the last three employer bulletins, as it
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VAT: Basic guide to the reverse charge
  It may have been delayed for a year but the VAT reverse change is still on the way. Contractors
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Moving to the cloud
  Here at LHP we strongly believe that cloud accounting is the way forward for businesses.   What is cloud
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No relief for taxpayers with no trade
    Tax tribunal dismissed a taxpayers’ claim to entrepreneurs' relief as their business activities, which mostly consisted of letting, were not
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Analysing Furnished Holiday Lets
  A Furnished Holiday Let (‘FHL’) is a funny beast. It is a residential property, yet if certain criteria are
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CGT: PPR relief restored for off-plan purchases
  The Court of Appeal has concluded that the gain made from a home bought off-plan can be covered in
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Is MTD a solution to an old way of working?
  As more advanced tax technologies become commonly used, employing AI and real-time data feedback, will the problem MTD is
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Re-clench for MTD 2020: Three major changes
  It is the April 2020 phase of MTD introduction that will cause most issues. How are the three reforms
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IR35: Over half of self-employed people don’t know what it is
Survey of 2,000 self-employed people in the UK also revealed that 30% want to see IR35 dropped from the private
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HMRC tips on avoiding Self-Assessment tax scams
    HM Revenue and Customs is warning millions of Self-Assessment customers to be aware of fraudsters in the run
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Trivial benefits exemption
  HMRC’s ‘Trivial Benefits Exemption’ allows a director of a company to receive individual benefits of £50 or less, and
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Maternity allowance for self-employed
Maternity Allowance for 39 weeks   You might get Maternity Allowance for 39 weeks if one of the following applies:
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Annual staff party can qualify as a tax free benefit
Staff parties: at a glance   A staff party or an annual function qualfies as a tax-free benefit for your employees providing that you meet the following
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Minimising taxable profits – the way forward for SMEs to reduce corporate tax bills
  What small businesses need to be aware of in order to avoid onerous corporate tax bills   Corporation tax has had
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What we gained from Xerocon
  On the 13th and 14th of November three members of our team attended Xerocon in London. Xerocon was a
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Payroll: SME employees making pay check errors need accountant’s expertise
  The survey found that the problem was particularly prevalent among employees of smaller businesses, with 77% of SME employees
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Three quarters of organisations not ready for IR35 rules
  With IR35 regulations set to be extended in six months, the vast majority of organisations are not ready to
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VAT building project challenge
Neil Warren considers some of the key VAT issues for a developer who has bought a detached house and plans
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HMRC takes record £860m in penalties
  Last year, HMRC imposed a record £860m in penalties on individual taxpayers, up 24% from £694m in 2017/18, according
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Government prescribes a solution to doctors’ pension predicament
Flexing contributions to the NHS pension scheme may solve the problem which has led to doctors reducing their working hours
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What has HMRC changed on Gift Aid?
Gift Aid is an important source of income for many charities and is now worth £1.35bn a year to the
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Tax-Free Childcare Scheme offers up to £2,000 a year per child
You can get up to £500 every 3 months (£2,000 a year) for each of your children to help with
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Monthly Tax E-News – November 2019
Monthly Tax E-News - November 2019 Dear Reader, Welcome to our monthly newswire, we hope that you find it useful.
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LHP become Receipt Bank Diamond Partners
On the 11th of October Olivia from receipt bank came to our office in Carmarthen and provided training for all
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Brexit causes delay on Budget
  On 14 October, the government announced that the Chancellor of the Exchequer (currently Sajid Javid) would present his Budget
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Networking lunch to build professional relationships
I was really pleased to be able to facilitate a meeting amongst women professionals around Carmarthenshire last week.   I was
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Monthly Tax E-News – October 2019
Monthly Tax E-News  - October 2019   Dear Reader, Welcome to our latest Monthly Tax E-News. We hope you enjoy
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UK “No Deal” Brexit Planning Checklist
UK "No Deal" Brexit Planning Checklist   UK “No Deal” Brexit Planning Checklist    Introduction There is still uncertainty around
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Monthly Tax E-News – September 2019
Monthly Tax E-News  - September 2019 GOVERNMENT U-TURN ON PENSION TAX FOR DOCTORS AND OTHERS? In earlier newsletters we reported
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OFF-PAYROLL WORKING RULES GOING AHEAD
  The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the “off-payroll” working rules
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Landlords on the edge
Buy-to-let landlords are being pushed over tax cliff edges, as their taxable income is increased by restrictions on the amount
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Monthly Tax E-News – October 2018
Your Monthly Tax E-News with latest tax news and updates. View this email in your browser Call: Carmarthen 01267 237
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Accountants Carmarthenshite, Tenby event , agriculture specialist
Sbarc: Join us this October at The Salt Cellar, Tenby
Event Details   We hope you're able to join us for our next event which we will be hosting at The
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Monthly E-News – September 2018
Call: Carmarthen 01267 237 534 | Call: Haverfordwest 01437 766 749 | Call: Lampeter 01570 422204 | Email: info@lhp.co.uk | www.lhp.co.uk Monthly Tax E-News
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BUDGET NOVEMBER 2017
BUDGET NOVEMBER 2017 – key points   With immediate effect: new announcements From 22 November 2017, Stamp Duty Land Tax
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E-News | August 2017
Monthly Tax E-News - August 2017 Call: Carmarthen 01267 237 534 | Call: Haverfordwest 01437 766 749 | Call: Lampeter
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E – News | July 2017
Monthly Tax E-News - July 2017 Call: Carmarthen 01267 237 534 | Call: Haverfordwest 01437 766 749 | Call: Lampeter 01570
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Making Tax Digital
With HMRC looking to change the way our clients keep their records, join us for an update on what their
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Pembrokeshire office
LHP are pleased to announce the opening of our Pembrokeshire office in Haverfordwest. The team will be looking after the
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LHP Business Award winners
Following on from a very successful 3rd LHP Business Awards, which included over 200 business people from the local community,
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LHP West Wales Business Awards – 7th May 2015
LHP are holding their 3rd annual west Wales Business Awards at Parc y Scarlets on the 7th May 2015. Nominations
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Janet Collins promoted to Director
LHP has pleased to announce the promotion of their practice manager to director. Janet Collins, who has been with the
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Barclays & LHP Digital conference
Director Matthew Williams presented along with the team at Barclays, a look at the future of accountancy. With the advert
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Tax questions 8th Oct 2014
1. We would like to take our staff out for a Christmas lunch. How much can I spend without incurring
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Xero Bookkeeping
With the advent of new forms of bookkeeping, LHP Chartered Accountants have introduced a free transfer for all SAGE &
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New office
LHP Chartered Accountants are pleased to announce that we will shortly be moving to new premises. To accommodate a sustained period
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Student of the year
LHP are pleased to congratulate our trainee accountant Nerys Thomas on her recent success in her AAT exams. In addition,
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Recruitment drive
Due to the continued growth of the practice we would like to hear from any indiviudals who would like to
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Budget 2014
For all the latest announcements in the budget, please contact us for further details. We can email you a summary
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Farming Connect Seminar
Our farming partner, Eirian Humphreys, who is building a substantial reputation in the area for his farming knowledge, was recently
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HMRC Property Rental Campaign
With the recent ending of the Property Sales Campaign on 6 September 2013, HMRC are continuing the theme of targeting
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New audit staff
With further growth in our audit department, we are pleased to announce that Mr Rhys Jones has joined our audit
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LHP Golf Day
In March, LHP launched their inaugural golf day for clients and associates. With over 18 teams playing on a wet and
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LHP staff members pass exams
Recently several staff members passed their exams. Among them were Carina Evans who successfully passed some of her ACCA exams
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Job Vacancies
From time to time we have opportunities for bright and enthusiastic individuals to work and train in our tax and
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RTI seminar
To assist our clients with the forthcoming introduction to Real Time Information (RTI) for PAYE, we will be having a seminar
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Tax questions
My father recently gave me his property, however he continues to live in it. As he is quite elderly I
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Autumn Budget Summary
Today the Chancellor announced his autumn statement, which outlined the Governments plan for the next few years. In recent years
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New opening hours
From January the 7th 2013 the office of LHP will be open from 9am to 5pm Monday to Friday. We
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Tax questions
With the recent announcement in the pre-budget report, they mentioned that capital allowances will be increasing in January 2013. I
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Succession and Exit Tax Planning Seminar
Eirian Humphreys of LHP, in conjunction with Siân Bushell Associates and Agriadvisor are hosting a seminar on Succession and Exit
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Business luncheon
The Falcon Hotel once again hosted the LHP Business Luncheon. Over 30 people were in attendence and an excellent talk
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Tax questions
I am a local farmer and would like to know about grants that are available to help us with pollution
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West Wales new start business awards
LHP - Chartered Accountants have launched the new business start up awards for west Wales. With cash prizes for the winners
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Ffos Las racing
LHP invited clients and business contacts to join them at the Countryside Alliance day at Ffos Las in October. A fantastic
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Welsh Dairy Show 2012
Celebrating the Welsh Dairy Show 2012, LHP attended the show this year to support our local farmers. We met lots
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West Wales Business luncheon
The inaugural business lunch was keenly supported on the 26th October at the Falcon Hotel. With nearly 30 participants, an
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Heineken rugby – Scarlets v Leinster
Heineken rugby - Scarlets v Leinster As a keen rugby supporter Matthew Williams was kindly invited to the Scarlets match
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Tax questions Carmarthen Journal
I have recently received details about RTI (Real Time Information) for my PAYE scheme for the employees I have. What
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LHP Business Launch
In line with our new logo, LH Phillips & Co have rebranded to become LHP - Chartered Accountants. With a
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New brand launch LHP – Chartered Accountants
Friday 12th October at the Falcon Hotel, saw the re-branding of the firm to LHP - Chartered Accountants. Over 80
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Digita Software Conference
Matthew Williams and Janet Collins attended a two day course provided by Digita (Thomson Reuters). Digita are our accounts and
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Tax questions Carmarthen Journal
We make a lot of deliveries around Carmarthenshire and Pembrokeshire and would like to purchase a new vehicle. What would
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Tax questions Carmarthen Journal
We run a business and need to employ additional staff over the summer holidays. These typically will be students or
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Tax questions Carmarthen Journal
We are a small company who have 3 self-employed people working for us. They have been with us for between
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Tax questions Carmarthen Journal
Last year we purchased a house, which we wanted to let out. However, we were unable to rent it out
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Tax questions Carmarthen Journal
As a charity, we manage two large listed buildings. We are concerned that the changes in VAT mentioned in the
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Tax expert Carmarthenshire Journal
In a change to my normal question and answers, I have reviewed the recent budget and summarised the main points
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Budget Report 2012
The latest budget report was unveiled on the 25th March 2012. If you have any queries, please contact your business partner
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Tax expert Carmarthenshire Journal
I have been told that it is important that I spend as much money on plant & machinery as possible
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Tax expert Carmarthenshire Journal
I have recently received a coding notice from HM Revenue & Customs regarding my employment. How do I know that
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Tax expert Carmarthenshire Journal
My husband died recently and our wills state that on the first death their estate is to pass onto the
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Tax expert Carmarthenshire Journal
I am going to start up a new graphic design business, but I’m not sure whether I should be VAT
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Tax expert Carmarthenshire Journal
I am struggling this year to complete my tax return by the 31 October. Would it be ok if I
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Tax expert Carmarthenshire Journal
We are looking to retire but we want to rent out our farm to supplement our pension. What is the
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Tax expert Carmarthenshire Journal
We are thinking about renting one of the rooms in our house to a student studying locally, to boost our
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Tax expert Carmarthenshire Journal
I am thinking of buying a car for use in my business, but have heard this can be quite an
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Tax expert Carmarthenshire Journal 15th June 2011
I am director of a small company that started just over 12 months ago. To try and gain new clients
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Tax expert Carmarthenshire Journal
I inherited a property several years ago from my late mother and I have rented it out since. The tenant
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Tax Questions Carmarthen Journal
I receive mileage payments of 31p/mile from my employer when I use my car for business. I thought the rate
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Tax questions Carmarthen Journal
I read in recent press about HMRC cracking down on plumbers. As a gas fitter will this mean I’ll automatically
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Tax expert Carmarthen Journal
I have been told that I should be entitled to tax credits, but I am self-employed. How will this work
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Tax questions Carmarthen Journal 15th December 2010
My son and daughter-in-law cannot afford to buy their own place, however, I’ve been thinking of buying a property to
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Tax questions Carmarthen Journal 17th November 2010
In August 2008 I purchased a house, which I intended to let out. I was unable to do this until
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Tax questions Carmarthen Journal 27th October 2010
I am a professional person with a relatively high income, but I am concerned about the changes announced recently to
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Tax Questions Carmarthen Journal 15th September 2010
I have received a letter this morning from HM Revenue & Customs saying that I have paid too little tax
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Tax questions Carmarthen Journal 18th August 2010
We are looking to buy a new car for our business and we would like to know more about fuel
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Tax questions Carmarthen Journal 21st July 2010
In the recent emergency budget, I read that the tax changes that they were going to make to my holiday
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Tax questions Carmarthen Journal 16th June 2010
I will be 65 in two years time, but I don’t know whether I will receive the full state pension,
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New government coalition
Local businesses in general should be satisfied with the new coalition government, as not only does it bring stability to
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Tax questions Carmarthen Journal 19th May 2010
I work for a building firm and friends who work for a competitor have said that they get tax relief
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Tax questions Carmarthen Journal 14th April 2010
We are in our late 60’s and have a reasonable amount of savings and investments. We are worried about possible
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Tax questions Carmarthen Journal 27th January 2010
I recently received a PAYE coding notice through the post for 2010-2011, but it includes tax on a company car
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Tax questions Carmarthen Journal
As rural farmers we are not particularly computer literate but we keep getting letters from HM Revenue & Customs wanting
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Tax questions Carmarthen Journal 3rd Nov 2009
Tax questions Carmarthen Journal 3rd Nov 2009 J.C. I have read recently that there are to be changes to the tax
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TESTIMONIALS

We have been using LHP as our business and tax advisors since 2014. As well as the standard accounts and VAT returns that they prepare on our behalf, we really appreciate their pro active and hands on approach in providing professional advice via telephone calls, seminars and their monthly newsletters. We would highly recommend their services.
Robert Davies - Penfro Consultancy

Testimonials

When in business, one needs a great accountant. Eirian of LHP has offered just that. The daunting experience of setting up in business was made significantly easier through LHP’s support and guidance. The company’s strengths are their understanding of the farming industry, their attention to detail and their personal and professional service. I have no hesitation in recommending LHP accountants as I consider Eirian to be a valued member of the team.
Samuel Carey, Milkwell Ltd.
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