What is ATED?

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 right decision when posting disbursements to your ledgers.

As the end of the tax year is almost upon us, it is important for employers to consider their Employment Related Securities (ERS) reporting requirements.  

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.

'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 followed with a note reiterating the government’s three priorities: capital, people and ideas. The measures that were announced, some being repeats from earlier but some being new, did seem to follow those headings. 

The humanitarian crisis in Ukraine cannot be ignored. Many of our charity clients have expressed interest in demonstrating their support and solidarity and have reached out to us to check what they should consider when deciding how that support should be given.