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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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Group VAT registration
What Is Group VAT Registration? Group VAT registration allows businesses with multiple companies to register under one VAT number rather than filing separate VAT returns. This...
National minimum wage from 1 October 2016
In case you missed it the rates went up again from 1 October 2016! For workers aged 21 and over it has risen to £6.95 per hour, persons aged between 18 and 20 now must receive...
VAT on Craft Fairs: What Stallholders Need to Know
Understanding VAT on Craft Fair Stalls Participating in a craft fair is a great opportunity for small businesses, but many stallholders may not realise the VAT implications....
VAT recovery on cars
If you are a taxi driver, car hire business or driving school, or buying a car for resale you can claim back the VAT (if VAT registered and making taxable supplies). But what...
Estates and the nil rate dividend band and gross interest
Two changes, effective from 6 April 2016 will result in more estates having to settle tax liabilities arising during the period of administration. Prior to 6 April 2016 most...
Secondary Annuities Market: Why Plans Were Abandoned
What Was the Secondary Annuities Market? The secondary annuities market was a proposed system allowing individuals to sell their annuities for a lump sum. The idea was...
Cash Coding on Xero
Do you have lots of transactions that all relate to the same thing? Use cash coding to reconcile multiple transactions rather than creating a payment for each one...
Invest with HMRC?!
Following the reduction in base rate in August from 0.5% to 0.25%, HMRC have amended the interest rate due on late paid tax. HMRC have reduced all interest charge rates from...
Protecting Your Pension Savings: Lifetime Allowance Tax Charges
The lifetime allowance is the maximum amount you can accumulate in pension savings without incurring additional tax charges. To protect individuals with significant pension...
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