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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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Diesel cars
The 3% supplement on the benefit in kind on company diesel cars is to be continued up to and including 2020/21.
Buy to let through a company
With the restriction of the relief for interest paid on a buy to let property to basic rate only where owned by unincorporated entities it might be worth considering acquiring...
Payrolling benefits in kind
Employers who wish to use this service to payroll employee expenses and benefits instead of submitting forms P11D must register before 5 April 2016. This hopefully will reduce...
Deemed domicile with effect from 6 April 2017 for all tax purposes – consultation document
Two categories of persons will be affected by the proposed changes: Non-UK domiciled individuals who have resided in the UK for at least 15 out of the last 20 tax years before...
Nudge letters from HMRC
If you receive one of these do not assume that your agent will receive one. They are a psychological tactic used by HMRC to try and encourage taxpayers in dispute with them to...
VAT – reduced rate on energy-saving products to increase
The Court of Justice of the EU has ruled that the 5% rate should be restricted to installations which are part of a social policy such as social housing projects and should...
National insurance in France or any other EU country and vice versa.
If you employ an individual who is resident in another EU country, even if you have no place of business there, you will find that you have to account for social security...
Loss of interest relief on let properties
With effect from 6 April 2017 interest relief will be restricted so that by the year commencing 6 April 2020 there will only be basic rate relief for interest paid on a...
Forced heirship rules
New rules were introduced by the European Commission on 17 August which allow individuals in EU states to choose whether their foreign assets are governed by local succession...