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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.
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Failed PETS
Not dogs or cats but gifts between individuals which in lifetime are potentially exempt transfers (PETS). Should the donor survive more than seven years from the date of the...
Salary sacrifice schemes
Salary sacrifice schemes allow employees to exchange part of their salary for a non-cash benefit that is exempt from tax or National Insurance Contributions (NICs). This...
Salary Sacrifice Plans: Tax Savings for Employers and Employees
Salary sacrifice plans are a popular method for employers and employees to save on tax and National Insurance Contributions (NICs). These arrangements involve employees giving...
Deemed domicile and residency
Individuals will be deemed UK domiciled from 6 April 2017 if: They have been resident in the UK for at least 15 of the last 20 years They were born in the UK with a UK...
Investors’ Relief: A Valuable CGT Break for External Investors
Introduced in the Finance Bill 2016, investors' relief provides a capital gains tax (CGT) break for external investors subscribing for shares in unquoted companies. This...
Enterprise Investment & Seed Enterprise Investment Scheme
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) offer valuable tax reliefs to investors in UK companies. However, navigating the rules can...
Correcting Mistakes in Tax Returns
Mistakes happen, but when it comes to tax returns, errors must be corrected as soon as possible. If incorrect information comes to light after submission, the taxpayer is...
Vertical residential conversions and VAT – What is the score?
This is a bit like a football match with First Tribunal decisions going first one way and then another. Currently the score is 2-2! The point at stake is whether carrying out...
The latest from Xero!
BARCLAYS BANK FEEDS ARE HERE AT LAST!! Other news: Uncoded statement lines If you have the Adviser user role, you can export a list of unreconciled statement lines to a PDF or...
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