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 […]
The recent VAT tribunal case of Regency Factors plc provides a salutary lesson on how to claim VAT on Bad Debts under the Bad Debt Relief (BDR) and, perhaps more importantly, how to avoid problems with the claim. The Upper […]
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 […]
Overshadowed by Brexit and the mayhem that came with it, Postponed VAT Accounting was introduced in the UK with effect from 1 January 2021. It is a beautiful rose amongst the thorns of the past eighteen months, but sadly seems […]
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 […]