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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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EIS, SEIS and now investors’ relief!
The aim of investors’ relief is to attract new investment into unlisted companies. The legislation is still not final but amendments have been made to extend the relief to...
Rent a room relief and bed and breakfast income
Understanding Rent a Room Relief for B&B Income Rent a Room Relief allows homeowners to earn up to £7,500 tax-free (previously £4,250 before 2016/17) by letting out...
Developing the garden
Considerations When Selling Part of Your Garden With the growing demand for housing, many homeowners are tempted to sell part of their garden for development. When structured...
Farmers’ losses and tax relief
Restrictions on Claiming Tax Relief for Farming Losses Many farmers rely on tax relief for farming losses to offset profits from other income. However, a restriction applies...
Suspended penalties HMRC
When HMRC identifies carelessness in tax filings, they may issue a penalty. However, in some cases, suspended penalties HMRC applies allow taxpayers to avoid an immediate...
Payments from overseas to HMRC
Updated Bank Details for Payments from Overseas to HMRC If you need to make payments from overseas to HMRC, be aware that HMRC’s bank account details have changed. These...
Fishy VAT Ruling
The Fishy VAT Argument A taxpayer recently attempted to challenge HMRC’s VAT treatment of fishing day tickets, arguing that the service constituted a mixed supply. The...
Trusts and the dividend tax rate
For interest in possession trusts, unless the dividends are mandated directly to the beneficiaries, they will have to start completing tax returns again from 6 April 2017....
Pre-registration VAT on depreciating assets
HMRC currently expect you to make an adjustment for deprecation if you register for VAT and have an asset which has been used to make supplies pre-registration. However the...
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