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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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Gross interest
With the introduction of a nil rate band of £1,000 savings income (not dividends) from 6 April 2016 for basic rate taxpayers and a nil rate band of £500 for higher rate...
LET’S GET FISCAL! 40 MILE SOUTHDOWN’S PLOD CHALLENGE!
It's midnight. Most people are asleep. But not the Lewis Brownlee team. ‘LET’S GET FISCAL’. At midnight on the 16th July 2016 our colleagues (left to right) Jana, Ryan, Jayne,...
Capital gains tax and gardens
Principal private residence relief HMRC accept that the garden or garage need not be adjacent to the property, but it is clearly necessary to be able to show that the gardens,...
Short-life asset elections
With the annual investment allowance (AIA) reducing to £200,000 with effect from 1 January 2016 it might be worth considering ‘de-pooling’ elections for expenditure in excess...
Determinations under self-assessment
If you are issued with a notice to file a self-assessment tax return and do not file it on time HMRC can issue a determination of your tax liability within three years of the...
Transferrable married couple’s allowance
Introduced from 6 April 2015 it would appear that HMRC’s on-line claim form is not currently accessible. Do not worry. If you are within self-assessment it should be possible...
Trivial perks
This is back on the legislative programme and hopefully will take effect from 6 April 2016. The new tax and NIC exemption of £50 will apply to as many perks as you want to...
Apprentices
From 6 April 2016 the rate of employers NIC for certain apprentices under age 25 will be zero up to the new ‘Apprentice Upper Secondary Threshold (AUST) which for this coming...
Child benefit
As you may be aware if the taxable income of either of the partners to a civil relationship or marriage falls between £50,000 and £60,000 the child benefit is clawed back at...
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