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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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Changes to the rules on Capital Gains Tax and Divorce
The New Proposed Changes HMRC have published a policy paper on the back of proposals from the Office for Tax Simplification to change the rules on the transfer of assets...
Mini Budget 2022
The main headlines in last week’s dramatic mini budget were well reported, which will see the planned 1% cut in the basic rate of income tax brought forward a year to April...
Express Trusts and the Trust Registration Service (TRS)
You might well have heard by now that per new government anti-money laundering directives, that trustees of most express trusts, including those that do not have to prepare...
New VAT Penalty Regime coming January 2023
For VAT periods starting on or after 1 January 2023 the default surcharge currently issued for late submissions and/or late payments of VAT will be changing to a point based...
Bring Us Your Bras – Against Breast Cancer
Lewis Brownlee Chartered Accountants are very proud to be sponsoring the V2 Radio ‘Bring us your Bras’ initiative for the third year in a row, supporting and helping to raise...
Changes coming in 2022 for VAT
End of COVID VAT Deferred Payments All UK VAT registered businesses had the option of deferring any VAT payments due between 20 March 2020 to 30 June 2020. They could opt in...
Paying Back A Self-Employment Income Support Scheme (SEISS) Grant
There is a new section in the SEISS guidance called ‘If you still need to make a claim’. If you’ve not been able to make a claim due to an HMRC error or other exceptional...
Making Tax Digital and Digital Links for VAT Registered Businesses with a turnover below the VAT Registration Threshold
Making Tax Digital (MTD) was brought in back in April 2019 for VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000). For periods...
Autumn Budget 2021 – “build back better”
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce...
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