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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.
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Disincorporation relief – What makes a qualifying transfer?
The transfer of a business out of a company will be a ‘qualifying transfer’ for the purposes of Disincorporation Relief if it meets all of the following conditions: The...
Tax codes and collecting tax on untaxed interest
If you are not within self-assessment and have interest in excess of the savings allowance (£1,000 for basic rate taxpayers; £500 for higher rate taxpayers), HMRC will use...
Reduction in dividend allowance from 6 April 2018
Did You Know About These Dividend Allowance Changes? From 6 April 2018, the Dividend Allowance will reduce from £5,000 to £2,000. This change affects shareholders who receive...
ISAs – inherited on death
Simplifying ISAs Inherited on Death ISAs inherited on death have become more straightforward following changes for deaths after 5 April 2018. These updates allow ISAs to...
Trust Register
Extended Deadlines for Registering Trusts: What You Need to Know Keyword phrase: "trust registration deadline extension" HMRC has recently announced a trust registration...
Spring Statement 2018
Key Updates on Tax and Spending Announcements The Chancellor's tax announcements scheduled for 13 March 2018 will focus on essential updates, with limited new measures...
Rumoured tax changes that did not make the final budget…
At a recent tax update course, the speaker mentioned that the Treasury drafted various proposals to change certain aspects of our tax system in case the Government decided to...
Making Tax Digital update – VAT first up
The government recently indicated that they are still fully committed to their plans to operate a digital tax system. From April 2019, when submitting quarterly VAT returns,...
Landlords and carpets
Do landlords get tax relief when replacing a carpet? This is at face value a simple question but often causes tax advisors difficulty, mostly because the rules keep changing!...
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