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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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To incorporate or not incorporate? That is the question!
In recent years the changes to the UK tax system have become more complex having had a period of stability under the previous Labour administration and one of the recurrent...
Proposed changes to class 2 National insurance contributions
From 6 April 2019 the way that class 2 national insurance contributions (NIC) will be assessed will be changing and there will be winners and losers. Currently most class 2...
EMI Share Schemes in Limbo
One aspect of EU membership is that member countries cannot offer their resident taxpayers advantageous tax treatment, unless they get permission from the EU to do so. This...
ATED – Do you know when your return is due?
Have you completed your 2018-19 ATED return due by 30 April? The Annual Tax on Enveloped Dwellings (“ATED”) applies to companies that own UK residential property valued at...
GDPR – The point of view of an Accountant
Have you thought about GDPR yet? The regulations come in on 25 May 2018 and much of the guidance on following the regulations is still incomplete. If you have done nothing –...
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...
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