Changes are being trialled to how HMRC acknowledge an Option to Tax (OTT). This is a six week trial being run by HMRC Option to Tax Unit that seems likely to affect how everyone handles commercial property transactions going forwards. […]
All of us at AVS VAT had been so very proud to be nominated as Finalists in this year’s Accounting Excellence Awards as Tax Team of the Year so we were really excited to go to the big reveal at […]
HMRC have published a policy paper outlining the final phase of Making Tax Digital (MTD) for VAT returns which means that from April 2022 MTD’s being imposed on everyone . So far the only VAT registrations that have had to […]
I have heard this question asked countless times: ‘Is VAT due on commission?’. Such a simple question but with a real can of worms for an answer. The reason for that is, not only can commission be paid on just […]
We are all as pleased as punch to have won this fantastic Business of the Year Award at last night’s Inspiring Hertfordshire Awards organised by Herts Chamber of Commerce. Thank you soooo much!!!! It was a fantastic feeling to have […]
So What are Tariff Classifications? Here Riley is talking about why Tariff Classifications matter. They are the DNA of a shipment of goods so unless you get them right you will find yourself having to pay VAT and /or import […]