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Welcome to the Lewis Brownlee Chartered Accountants Blog
Your trusted source for expert insights on UK tax, accounting, and business finance. Whether you’re a small business owner, a sole trader, or a larger enterprise, our blog offers valuable tips, updates on tax regulations, and practical advice to help you navigate the financial landscape with confidence.
Stay informed with the latest industry trends and guidance from our team of experienced Chartered Accountants.
Explore our articles and discover how we can support your financial success.
National Minimum Wage – don’t fall foul of common errors
National Minimum Wage (NMW) regulations are complex and not intuitive. Errors in the administration of the rules can be expensive. They can also cause damage to the reputation...
Postponed VAT Accounting (PVA)
What is Postponed VAT accounting? PVA gives companies the option to account for and recover VAT on imported goods on the same VAT return instead of paying the VAT upfront then...
Off-payroll working (IR35) from 6 April 2021
Changes to off-payroll working (IR35) were due to be introduced in 2020, but were delayed by 12 months. It now looks as though it’s not going away, and will be...
Domestic VAT Reverse Charge for construction services
Back in 2019 changes to the way the construction industry accounts for VAT were announced. The domestic reverse charge mechanism was originally planned to come into effect on...
The LB Weekly Roundup
Another National Lockdown is not the start to 2021 that anyone wanted, but with the news of vaccines being rolled out we also know that the end is in sight! There has already...
Brexit – Exports to EU countries from Great Britain
WHO WILL BE AFFECTED? All businesses that export goods from Great Britain from 1 January 2021 onwards. NEW RULES FOR EXPORTING GOODS EORI number – Economic Originator...
Services and Brexit
It is expected that the place of supply rules for services will remain broadly the same following Brexit… Business to Business (B2B) supplies Generally for a...
Succession Planning for your farming business…
Now is the time to look at the succession planning for your farming business… It may not seem it, but the current tax regimes for Inheritance Tax is relatively generous....
VAT deferred payments – Updated 11 Feb 2021
HMRC announced that all UK VAT registered businesses that had a VAT payment due in the period 20 March 2020 to 30 June 2020 could defer payment until 31 March 2021. Businesses...
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