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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.
Explore our articles and discover how we can support your financial success.
Stamp duty land tax on annexes
When purchasing an additional property, buyers must pay a 3% Stamp Duty Land Tax (SDLT) surcharge. This applies to second homes and buy-to-let properties. However, concerns...
Paying HMRC by Credit Card: New Fees Explained
Many taxpayers prefer paying HMRC by credit card for convenience, but it comes with a processing fee. Previously, HMRC charged a flat 1.5% fee for all card payments. This has...
Tax on Reimbursed Interview Travel: How Mean Can HMRC Get?
When an employer reimburses an employee’s travel costs for interviews, promotion boards, or grievance panels, the payment is subject to both income tax and National Insurance....
Inheritance tax – nil band
The inheritance tax nil band is the threshold up to which an estate pays no inheritance tax (IHT). Currently, this stands at £325,000 per individual, regardless of domicile or...
VAT and tax point rules
VAT tax point rules determine when VAT becomes due on a transaction. The tax point is the date that establishes when VAT must be accounted for, ensuring compliance with HMRC...
Section 336 expense claims
One of the section numbers in the Taxes Acts that gets quoted more often than most! These are the responsibility of the employee, but those that are attached to the original...
Xero platform migration and new features – The latest from Xero!
Exciting times! We are yet again on the brink of the latest Xero platform migration and new features announcement! Xero have informed us that they we be moving their customers...
Team LB at the CMA Charity Quiz!
Last week, Team LB from Lewis Brownlee took part in the CMA charity quiz at Fratton Park. The event was held in aid of St Wilfrid’s Hospice Chichester, a charity providing...
Transferable personal allowance (marriage allowance)
HMRC are running a radio campaign to encourage individuals to take this up! With effect from 6 April 2015 if one of a married couple or civil partnership is a non-taxpayer and...
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