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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.
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Late VAT claims – all is not lost!
Normally VAT should be reclaimed in the VAT period in which it is incurred. If not then you need to make an error correction but if the net adjustment for all ‘errors’ is less...
VAT – Zero or 5% VAT for building works?
Following the introduction of Permitted Development Rights HMRC has clarified its policy concerning the VAT treatment of works where an individual planning application is not...
Parking fines – Allowable against taxable profits?
Are Parking Fines Allowable Against Taxable Profits? Keyword phrase: "are parking fines tax deductible" Many businesses face the challenge of parking fines. Whether during...
Salary sacrifice plans
The tax and national insurance savings will be removed for all benefits provided this way apart from those relating to pensions (including advice), childcare, cycle to work...
Reasonable Excuse for VAT Default Surcharge
Understanding Reasonable Excuse for VAT Default Surcharge Navigating VAT obligations can be challenging, and occasionally, businesses may miss payment deadlines. In such...
Changes to the VAT flat rate scheme from 1 April 2017
HMRC believes that small businesses have been abusing the VAT flat rate scheme (FRS). When reporting VAT payable the business ignores VAT on purchases with the exception of...
Advisory fuel rates from 1 December 2016
Advisory Fuel Rates December 2016: Key Information for Employers Effective from 1 December 2016, HM Revenue and Customs (HMRC) updated the Advisory Fuel Rates (AFRs) for...
Understanding the Withdrawal of a Self-Assessment Notice to File
When Can a Self-Assessment Notice Be Withdrawn? A self-assessment notice to file is issued when HMRC requires an individual to complete a tax return. However, if the taxpayer...
The P800 process as it stands (Year ended 5 April 2016)
HMRC appear to be trying to be helpful by working out from the information they hold whether taxpayers have underpaid or overpaid tax. But the system is horribly flawed...
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