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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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Free fuel for a company car
Just a reminder that you should really do the calculations to see if the provision of free fuel for private motoring is worthwhile. In virtually all cases unless there is high...
Income tax and national insurance on overvalued shares
When a company buys back shares, particularly minority holdings, the valuation process is crucial. These shares are often subject to a discount due to their lack of control or...
Lets Get Fiscal Fundraising!
Last weekend, the Lewis Brownlee team took part in the Let’s Get Fiscal fundraising challenge, raising money for Action Medical Research at the Portsmouth Summer Show. This...
Losses from share dealing
Ordinarily one would expect HMRC to not allow such losses as trading losses, only as capital losses. However a recent first tier tribunal has ruled that in the case of A Ali...
VAT – exemption for studies taught ordinarily at school
In the UK, VAT exemption for education applies to subjects that are ordinarily taught at schools or universities. This means that where a course aligns with mainstream...
Team LB at the CCCI Charity Quiz!
This week, Team LBÂ took part in the CCCI charity quiz. Hosted by the Chichester Chamber of Commerce & Industry, the event was held to raise awareness and funds for Love...
Payrolling benefits
Mentioned before we believe but a reminder that if you have an informal agreement to payroll benefits in kind, you need to reapply before 6 April 2016 to do so for the year...
Rolling stones gather no MOSS!
Nothing to do with nature! HMRC have issued guidance as to simplification measures for UK businesses trading below the VAT registration threshold (currently £82,000), that...
Pitfall with cars – No 2 – to lease or not to lease
Leasing a car through a company can seem like a cost-effective way to provide employees or directors with a vehicle. However, there are key company car lease tax pitfalls that...
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