SDLT rates cut, even for landlords!
The chancellor has announced that the rates of Stamp Duty Land Tax (‘SDLT’) were reduced from 8 July 2020 and will remain reduced until 31 March 2021. So, if you are...
5% Reduced VAT rate for the Hospitality sector
The Chancellor has announced a cut in the rate of VAT from 20% to 5% for the hospitality sector including – Restaurants Pubs Bars Cafes Hot takeaway food The reduced rate...
Self Employed Income Support Scheme Reminders
As more and more businesses are being able to function normally with the restrictions changing, we wanted to remind you of the deadlines and changes to the Self Employment...
Reminders, Rule relaxations and protecting yourself!
We offer a Tax Investigation Service to protect our clients should they receive a HMRC enquiry. Any HMRC return can be selected for investigation, and with the increase in...
Agriculture, horticulture, tax and COVID-19
Have you got the cashflow that you need ? Most blogs will talk about the bank loans you can get to recover from Covid 19, but what other sources of money are there to...
Structures and Buildings Allowance (‘SBA’) – are they worth the effort?
This article deals with the structures and buildings allowance. Originally introduced on 29 October 2018, HMRC have updated the allowance from April 2020. Are you intending to...
COVID-19 VAT Deferral
The Government’s VAT deferral scheme was very welcome and likely needed for many businesses. In brief, the scheme allows for a temporary change to the VAT payments due between...
Re-opening the Lewis Brownlee Offices
As we're now seeing some more restrictions being lifted we wanted to let you know what we're doing with our offices... From yesterday shops in England selling non-essential...
Tax Planning Opportunities
Could some of the negative impacts of the virus actually provide some tax planning opportunities? Clearly, the COVID-19 pandemic is going to have a significant economic impact...
Advisory Fuel Rates from 1 June 2020
The advisory fuel rates that apply from 1st June 2020 for company car drivers have been published by HMRC! Hybrid cars are treated as either petrol or diesel cars for this...
Sale of UK Residential Property – Awareness of new rules
The government implemented changes to the Capital Gains Tax (‘CGT’) rules from 6 April 2020 in relation to the sale of UK Residential Property. The previous rules required...
Self-employment income support scheme update
On Friday 29 May, Rishi Sunak announced the scheme to support self-employed workers would be extended a further 3 months. Those who meet the profit criteria set out in the...