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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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Buy to let through a company
With the restriction of the relief for interest paid on a buy to let property to basic rate only where owned by unincorporated entities it might be worth considering acquiring...
Payrolling benefits in kind
Employers who wish to use this service to payroll employee expenses and benefits instead of submitting forms P11D must register before 5 April 2016. This hopefully will reduce...
Deemed domicile with effect from 6 April 2017
Two categories of persons will be affected by the proposed changes: Non-UK domiciled individuals who have resided in the UK for at least 15 out of the last 20 tax years before...
Nudge letters from HMRC
Understanding Nudge Letters from HMRC The nudge letters from HMRC are a strategic tool used to encourage taxpayers to settle disputes or disclose unpaid tax. These letters are...
VAT – reduced rate on energy-saving products to increase
The Court of Justice of the EU has ruled that the 5% rate should be restricted to installations which are part of a social policy such as social housing projects and should...
National insurance in France or any other EU country
Hiring employees who live in another EU country comes with additional tax and social security responsibilities. Even if your business has no physical presence in that country,...
Loss of interest relief on let properties
With effect from 6 April 2017 interest relief will be restricted so that by the year commencing 6 April 2020 there will only be basic rate relief for interest paid on a...
Forced heirship rules
New rules were introduced by the European Commission on 17 August which allow individuals in EU states to choose whether their foreign assets are governed by local succession...
Gross interest and the savings nil rate band
Since 6 April 2016, the way savings income is taxed in the UK has changed. With the introduction of the savings nil rate band, most taxpayers no longer need to have tax...
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