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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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Payments from overseas to HMRC
Updated Bank Details for Payments from Overseas to HMRC If you need to make payments from overseas to HMRC, be aware that HMRC’s bank account details have changed. These...
Fishy VAT Ruling
The Fishy VAT Argument A taxpayer recently attempted to challenge HMRC’s VAT treatment of fishing day tickets, arguing that the service constituted a mixed supply. The...
Trusts and the dividend tax rate
For interest in possession trusts, unless the dividends are mandated directly to the beneficiaries, they will have to start completing tax returns again from 6 April 2017....
Pre-registration VAT on depreciating assets
HMRC currently expect you to make an adjustment for deprecation if you register for VAT and have an asset which has been used to make supplies pre-registration. However the...
Second hand schemes and VAT
Businesses selling second-hand goods, antiques, or works of art may benefit from a second-hand VAT scheme. Instead of paying VAT on the full selling price, they only account...
Dividends and personal allowances
Dividends and personal allowances are a hot topic at the moment. And why? Well, since 6 April 2016, the first £5,000 of dividend income has been taxed at 0%. However, this...
Spot the ball – exempt or taxable (for VAT)
Spot the Ball and VAT: The Court Ruling A recent Court of Appeal ruling has confirmed that Spot the Ball competitions qualify as a game of chance, making them exempt from VAT....
RTI late filing easement
RTI Late Filing Easement Extended Real-Time Information (RTI) reporting is a crucial requirement for employers, ensuring that HMRC receives timely payroll data. Previously,...
SEIS investments
Another reminder! To be eligible to raise funds under SEIS the company’s gross assets must be valued at no more than £200,000, and it must not have more than 25 full-time...
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