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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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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...
LET’S GET FISCAL! 40 MILE SOUTHDOWN’S PLOD CHALLENGE!
It's midnight. Most people are asleep. But not the Lewis Brownlee team. ‘LET’S GET FISCAL’. At midnight on the 16th July 2016 our colleagues (left to right) Jana, Ryan, Jayne,...
Capital gains tax and gardens
When selling a property, homeowners often assume that any profit is automatically free from Capital Gains Tax (CGT) due to Principal Private Residence (PPR) relief. However,...
Short-life asset elections
With the annual investment allowance (AIA) reducing to £200,000 with effect from 1 January 2016 it might be worth considering ‘de-pooling’ elections for expenditure in excess...
Determinations under self-assessment
If you are issued with a notice to file a self-assessment tax return and do not file it on time HMRC can issue a determination of your tax liability within three years of the...
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