AVASK, a leading global provider of indirect tax consulting services, is proud to announce that it has been honoured with the prestigious Business Excellence Award from Acquisition International for the category of ‘Most Client-Focussed Global Indirect Tax Consultancy 2023’. The Business Excellence Awards, presented annually by Acquisition International, recognise outstanding …
Quality conscience: doing the right thing
This week we have been celebrating World Quality Week. The theme this year is ‘doing the right thing‘- Quality conscience, as chosen by Chartered Quality Institute. What is a Quality Management System, and why does it matter? We strive to provide a high level of customer service that will exceed …
US Taxes: New requirements on annual personal and corporate tax returns, from February 2022
The US Tax Season is almost upon us, a time when individual taxpayers and corporations prepare their financial accounts and reports for the year ending and submit their tax returns. The US Tax Season will take place as usual between January 1st and April 15th, 2022. With the approach of the …
Changes to import VAT in France – effective 1st January 2022
The French Tax Administration has announced that effective 1st January 2022, all import VAT will be mandatorily deferred to the French VAT return via the declaration of an import VAT reverse charge. So, what is import VAT reverse charge? The import VAT reverse charge is an existing mechanism in France, …
2021 Holiday Season
From all of us here at AVASK, we wish you all a bright and prosperous Holiday Season and send you all our very best wishes for a happy and successful New Year, 2022. Throughout the Holiday Season, AVASK in the UK will be operating modified opening hours. While our main …
AVASK US Shopify Promotion
Are you looking to sell on Shopify or are you already trading there? Have you registered for Sales Tax? All sellers need to consider whether they need to register for local Sales Tax in each State they sell or have a physical presence in, if they are selling on Shopify …
HMRC’s VAT Deferral New Payment Scheme to close in June
Businesses that deferred VAT payments last year have one month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has confirmed. The online portal for the new payment scheme will close on 21 June 2021. Over half a million businesses deferred £34 …
Almost 950,000 have already filed 2020/21 self assessment returns
HMRC has already received almost 950,000 online 2020/21 self assessment returns, the tax authority has confirmed. Over 63,500 taxpayers completed their returns on 6 April, the first day of the new tax year. HMRC says this is part of a growing trend in early filers. In the last five tax …
Businesses planning to adopt ‘hybrid’ working after easing of COVID restrictions
A survey carried out by the Institute of Directors (IoD) has found that businesses are planning to adopt so-called ‘hybrid’ working once the coronavirus (COVID-19) lockdown restrictions are fully lifted. The survey of 600 business leaders revealed that 63% of firms intend to shift towards one to four days of …
Easter Public Holiday in the UK
Who would have thought that we would already be talking about Easter? This year, Easter falls over the first weekend in April and there are a number of key dates which are public holidays in the United Kingdom. These are as follows: Friday 2nd April 2021 – Good Friday Sunday …
New UK National Lockdown: our response
Last night, the Prime Minister of the United Kingdom, Boris Johnson, announced a further National Lockdown in England. Crucially, this time schools and colleges have been closed, and the elderly and vulnerable are again asked to start shielding until the vaccination programme is well underway and the number of cases …
Wishing you all Happy Holidays!
During the holiday season, the AVASK Headquarters will be operating a modified schedule to our usual published hours. These dates and times are as follows: We are open as normal until Wednesday 23rd December 2020 Thursday 24th December 2020: Closed from 12noon GMT Friday 25th December to Monday 28th December …
AVASK gains ISO 9001 accreditation
AVASK Accounting & Business Consultants is delighted to announce that it has now successfully gained its ISO 9001:2015 accreditation for the first time. This important accreditation specifically relates to customer care and further strengthens our commitment to providing outstanding levels of service to our ever-growing portfolio of clients. The certification, …
HMRC confirms MTD for corporation tax to be mandated from 2026
In a new consultation HMRC has confirmed that Making Tax Digital (MTD) for corporation tax (CT) (MTD for CT) will not be implemented until 2026 ‘at the earliest’. The consultation considers how the principles created for MTD could be established for companies within the charge to CT. It outlines the …
Self-employed sector facing ‘avoidable decline’, according to IPSE
The self-employed sector is facing a ‘long-term but avoidable decline’, the Association of Independent Professionals and the Self-Employed (IPSE) has cautioned. The warning comes after the Office for National Statistics (ONS) reported that the number of self-employed individuals in the UK dropped by 174,000 between April and June and July …
How AVASK will support online businesses during lockdown
Today, Thursday 5th November, the UK has entered a new national lockdown. This will last until the first week of December. Although our team will once again be working remotely throughout this period, AVASK is dedicated to provide the best possible support to all online businesses. How does this affect …
FRC urges companies to provide high-quality disclosures on impact of coronavirus
The Financial Reporting Council (FRC) has urged companies to provide more detailed disclosures on the impact the coronavirus (COVID-19) has had on their firm. In a new review, the FRC stated that although companies provided sufficient information to enable individuals to understand the impact COVID-19 has had on their performance, …