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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 Christopher Scott

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 Whitmore

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…

Blog24th Mar 2022

Phase Three of Making Tax Digital for VAT

Making Tax Digital (MTD) for VAT was initially rolled out for VAT registered businesses with turnover above the VAT registration threshold of £85,000 in April 2019.

Blog24th Jan 2022

Brexit – One year report card

With the first 12 months of post-Brexit trade under our belts, now is an ideal time to take stock and consider the report card for Brexit. Alistair Duncan, Head of Indirect Tax, looks at which strengths can be highlighted and…

Blog25th Nov 2021

Cheers to Indirect Tax relief!

Indirect Tax changes can help revitalise the tourism and hospitality sector