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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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Changing lanes to get the answer they want
The Court of Appeal decided that cars leased by an employer to its employees on arm’s length terms did not constitute a taxable benefit in kind. HMRC had argued that the...
Construction Industry scheme Changes
From 6 April 2016, HMRC abolished monthly paper returns for the Construction Industry Scheme (CIS). All submissions must now be made electronically. So, we'd thought we'd...
Successful outcome for one of our clients!
We recently had a very successful outcome to a VAT investigation for one of our clients. HMRC were disputing the Flat Rate Percentage applied by our client, for the period May...
Stamp duty land tax on annexes
When purchasing an additional property, buyers must pay a 3% Stamp Duty Land Tax (SDLT) surcharge. This applies to second homes and buy-to-let properties. However, concerns...
Paying HMRC by Credit Card: New Fees Explained
Many taxpayers prefer paying HMRC by credit card for convenience, but it comes with a processing fee. Previously, HMRC charged a flat 1.5% fee for all card payments. This has...
Tax on Reimbursed Interview Travel: How Mean Can HMRC Get?
When an employer reimburses an employee’s travel costs for interviews, promotion boards, or grievance panels, the payment is subject to both income tax and National Insurance....
Inheritance tax – nil band
The inheritance tax nil band is the threshold up to which an estate pays no inheritance tax (IHT). Currently, this stands at £325,000 per individual, regardless of domicile or...
VAT and tax point rules
VAT tax point rules determine when VAT becomes due on a transaction. The tax point is the date that establishes when VAT must be accounted for, ensuring compliance with HMRC...
Section 336 expense claims
One of the section numbers in the Taxes Acts that gets quoted more often than most! These are the responsibility of the employee, but those that are attached to the original...
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