Lentells Limited

CHARD 01460 64441 | SEATON 01297 20584 | TAUNTON 01823 286274 | PAYROLL 01460 68700
chard@lentells.co.uk | seaton@lentells.co.uk | taunton@lentells.co.uk | payroll@lentells.co.uk

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The government’s Budget announcements on 6th March 2024 included a measure that means the Furnished Holiday Lettings (FHL) tax regime…
Friday, 01 March 2024 10:38

New Director Promoted to Lentells Board

We are pleased to confirm that Jodie Farkas has been promoted to the Board of Directors of Lentells from 1…
The 31 January deadline for submission of 2022-23 Self-Assessment Tax Returns, covering the year ended 5 April 2023 is fast…
Tuesday, 22 August 2023 15:17

IHT - Business Property Relief

BPR is a valuable relief for IHT purposes on both lifetime and death transfers. The relief is given automatically, before…
Defra has announced a £10m funding pot available to livestock farmers in England to be used to replace existing cattle…
Some lifetime transfers are specifically classified as exempt according to legislation and include the following: Annual Exemption For any tax…
Wednesday, 03 May 2023 08:40

Introduction to Inheritance Tax

Inheritance Tax (IHT) is a tax on bequests, gifts, and other transfers of property by individuals, either during lifetime or…
Wednesday, 15 March 2023 15:29

Budget Key Points

Chancellor Jeremy Hunt has announced his first Budget. Read the key points from his announcement here;  Taxation Abolition of the…
HMRC is reminding customers who own short-term letting properties to report and pay tax on their earnings in an effort…
Thursday, 09 February 2023 16:33

Ask An Apprentice - Chloe Thompson

How long have you been at Lentells and what level are you working towards? I have been at Lentells for…
Tuesday, 07 February 2023 16:13

Ask An Apprentice - George Welch

How long have you been at Lentells and what level are you working towards? I have been working at Lentells…
Thursday, 26 January 2023 16:07

Electric Car Fuel Allowances

If an employee is running a pure electric company car but paying for the re-charging themselves they can charge per…
Friday, 20 January 2023 14:05

HMRC starts sending texts to taxpayers

HMRC has started to send text messages to taxpayers who contact their helplines by mobile phone.  The new service was…
Wednesday, 18 January 2023 12:30

HMRC Call Connection Services Scam

Taxpayers are being warned not to be caught out by expensive call connection services when trying to contact HMRC phone…
Thursday, 12 January 2023 14:03

New Energy Bills Discount Scheme

The Government has published details of a new Energy Bills Discount Scheme which will replace the current Energy bills Relief…
Thursday, 05 January 2023 14:17

Vehicle Benefit Charges from April 2023

The vehicle benefit charges for 2023/24 have been announced and will come into effect on and after 6 April 2023.…
The 31 January deadline for submission of 2021-22 Self-Assessment tax returns, covering the year ended 5 April 2022, is fast…
Tuesday, 20 December 2022 15:37

MTD for ITSA Postponed

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) has been postponed for 2 years until April 2026. From…
Thursday, 15 December 2022 16:18

Interest rates raised to 3.5%

The Bank of England has raised UK interest rates to their highest level for 14 years today. It has increased…
HMRC will raise interest rates on tax debt from 22 November, following the Bank of England's 0.75% increase in the…
Thursday, 03 November 2022 15:14

Interest rates hit 3%

The Bank of England's Monetary Policy Committee have increased interest rates to 3%.  The rise of 0.75% is the biggest…
Wednesday, 26 October 2022 13:21

Autumn Statement date set for 17 November

Prime Minister Rishi Sunak and Chancellor Jeremy Hunt have agreed that the Mid Term Fiscal Statement will now take place…
Tuesday, 18 October 2022 12:53

Chancellor Statements Summary

The new Chancellor of the Exchequer, Jeremy Hunt, was appointed on Friday 14 October and on Monday 17 October he…
Friday, 14 October 2022 15:17

PM u-turns on corporation tax hike

Prime Minister Liz Truss has u-turned on the plans to cancel the increase the rate of corporation tax from 25%…
HMRC is reminding businesses that from Tuesday 1 November 2022 they will no longer be able to use their existing…
Chancellor Kwasi Kwarteng has confirmed the Government has u-turned on the plans to scrap the 45p rate of income tax. …
Friday, 23 September 2022 13:36

Growth Plan 2022

Chancellor Kwasi Kwarteng has announced his mini-budget today. Read our key point’s summary here.   Taxation Cut in basic rate of…
Thursday, 22 September 2022 13:18

Interest rates rise to 2.25%

The Bank of England's Monetary Policy Committee voted by five to four to increase interest rates by 0.5% to 2.25%. …
Wednesday, 07 September 2022 13:42

Meet our Payroll Team

Meet our Payroll Team with over 50 years of experience between them. Our knowledgeable and friendly team provide a first…
Somerset County Council are offering grants to Somerset SME businesses through the Somerset Growth Accelerator Fund Grant Scheme. These grants…
Businesses should take steps to prepare for Making Tax Digital for VAT before it becomes mandatory for all VAT-registered businesses…
HMRC has published the latest advisory fuel rates for company car users, effective from 1 March 2022.  The advisory fuel…
Thursday, 07 July 2022 12:53

Change to flat rate scheme VAT reporting

HMRC has confirmed that reporting requirements under the VAT flat rate scheme are due to change in June 2022. From…
Eligible businesses in England have until the end of this month to apply for the new Omicron hospitality and leisure…
Thursday, 07 July 2022 12:46

MTD for income tax exemptions

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will come into force for landlords and sole traders…
Following the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter…
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Chard Office

17-18 Leach Road 
Chard Business Park 
Chard
Somerset 
TA20 1FA

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01460 64441

Seaton Office

Kingsway
50 Fore Street
Seaton
Devon
EX12 2AD

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01297 20584

Taunton Office

Ash House, Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ

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01823 286274