OUR LATEST INSIGHTS

Blog23rd Apr 2024

Potential VAT Refund Fraud – Are Your Bank Details Correct?

We have been alerted to a number of cases where taxpayers’ bank account details have been amended without their knowledge.  This fraud involves the submission of a letter or form VAT 484 purporting to be from the taxpayer requesting that…

By Alistair Duncan

Blog21st Dec 2023

2023 Business Unit Year In Review

Oxford recently released their word of the year for 2023 and it was “rizz”. If we had to pick a word for our year it would be ‘growth’. You might have heard us talk about our growth journey a time…

Blog17th Aug 2023

VAT- A Guide For Sole Traders

When many people think of VAT, they think of the extra charge on clothes, petrol and everyday items. However, those that are self-employed and/or run a business, may be required to get involved with VAT more than they would otherwise…

By Alistair Duncan

Blog9th Aug 2023

Alternative Dispute Resolution – Why it’s Good To Talk

Many importers have found that being in dispute with HMRC can be a costly business. Where margins are tight and room for manoeuvre limited, the unexpected tax bill can make a business venture uneconomic. Where there is a risk of…

By Jon Hicks

Blog15th May 2023

50 Years Of VAT – It’s Been An Education!

In this instalment of our reflection on the first half century of the “simple tax”, we look back at some of the policy decisions and case law that have shaped the current VAT landscape for education providers. As we look…

By Laura Moore

Blog6th Feb 2023

A Golden Anniversary for the “Simple Tax”

1973 was a momentous year! Starting on a Monday, 1973 kicked off with a “Long Haired Lover from Liverpool.”  In cinema, The Godfather won the Oscar for Best Picture.  Whilst in politics, Roe v Wade was decided by the Supreme…

By Alistair Duncan

Blog8th Dec 2022

Say hello to HMRC’s new VAT penalty & interest rules

The current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.…

By Alistair Duncan

Blog14th Nov 2022

VAT treatments to help manage your cashflow

Businesses are continuing to face uncertainty arising from tensions created by the global political and economic situation and the impact of the pandemic. These issues have the potential to impact significantly on your cashflow. For many businesses, VAT can have…

By Alistair Duncan

Blog8th Sep 2022

Customs Declaration Service (CDS) – are you ready? 

For the majority of the last 30 years, HM Revenue and Customs’ (HMRC) Customs Handling of Import and Export Freight (CHIEF) system has been at the forefront of customs declarations in the UK. However, in a two-stage approach, CHIEF will…

By Seanna Forbes

Blog31st Mar 2022

VAT on Disbursements

VAT is a complex and constantly changing tax and, within the legal sector, includes one of the most challenging areas – VAT on disbursements. The team at the AAB Group have clarified why confusion exists and how to make the…

Blog24th Mar 2022

Spring Statement 2022 Updates

‘A new culture of enterprise’ was one of the headings in the Chancellor’s 2022 Spring Statement. It went on to say that improving productivity is the only way to deliver sustainable economic growth and increase living standards. The statement then…