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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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HMRC’s New Approach to Tax Underpayments
From the 2017/18 tax year, HMRC plans to collect potential underpayments within the tax year they arise, rather than the following year as previously practiced. This means...
Understanding HMRC Tax Code Changes Under RTI
Under the Real Time Information (RTI) system, HMRC is making tax code changes more frequently based on employment and pension data reported by employers and pension providers....
Personal tax accounts
Your personal tax accounts are accessed using a Government Gateway ID. Once set up, future access is by way of a two step verification – the Government Gateway ID and a code...
Scottish Tax rates
If you run a payroll and you have an employee who is Scottish watch out! A Scottish taxpayer is defined by where their main residence is, but at present HMRC is taking this to...
National wage rates from April 2017
National minimum wage and national living wage Both were increased on 1 April 2017 and future increases in both will be on 1 April each year. National Living Wage for those...
Class 4 National Insurance Contributions Increase Reversed
Reversal of Class 4 NIC Rate Increase The government has reversed its earlier proposal to increase the rate of Class 4 National Insurance Contributions (NICs). Initially, the...
Tax free childcare payments
We may have mentioned this before – that is because it is has been a long time in actually being put into action. The new scheme comes in from Spring 2017 but is being rolled...
Entrepreneur’s relief – associated disposals
Entrepreneurs' Relief: Associated Disposals Explained Entrepreneurs' Relief, now known as Business Asset Disposal Relief, offers a reduced Capital Gains Tax rate of 10% on...
Budget 2017
Philip Hammond has just delivered ‘the last spring budget’. From a taxation perspective, there was nothing of tremendous significance referred to in his speech. These were the...
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