Blogs
Stay in the know
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.
Class 2 National Insurance Contributions – pay while stocks last!
If you are self-employed and have a deficient National Insurance contribution record, paying Class 2 National Insurance Contributions (Class 2 NIC) could help you boost your...
2 Step Verification for Businesses Accessing HMRC services
From September 2017, 2 Step Verification will be compulsory for businesses accessing their online tax accounts. This means that in addition to the usual log in details,...
CT acknowledgements and payslips
Do remember to pay the corporation tax due. HMRC are no longer issuing acknowledgements or payslips after a return has been filed. HMRC is still paying interest at 0.5% on tax...
Uplift of value of chargeable assets on death
Capital Gains Tax transfers between spouses or civil partners continue to be treated as nil gain, nil loss transactions. This means no Capital Gains Tax (CGT) liability arises...
Plans to Digitalise tax have been put back
The Government have announced significant changes to the (making Tax Digital) MTD timetable, effectively deferring MTD until at least 2020, although digital records will need...
Tax calculations for 2016-17
The latest changes to the way income is taxed has even beaten HMRC’s computer programmers. You are allowed to allocate your personal tax allowance in the way that gives the...
Understanding the VAT Registration Threshold in 2025
As of 1 April 2024, the VAT registration threshold in the UK increased to £90,000. This means that if a business’s taxable turnover exceeds £90,000 in any rolling 12-month...
Sole Trader bookkeeping with Lewis Brownlee
Here at Lewis Brownlee we know that being a sole trader is hard enough without having to keep track of all your expenses. To make life a bit easier we’re now offering 1Tap, a...
When is your home not a home?
In a recent case HMRC tried to deny capital gains tax private residence relief where an individual bought a property “off-plan” arguing that the ownership period started from...
Ready to make the first step?
