The Pre-Budget announcement by the Chancellor has several implications for practice owners. The AOP is studying these implications and will issue advice shortly. In the meantime, members may find this newsletter of interest. The newsletter has been produced by Barry Braim, an independent accountant, and does not represent the AOP's position; it is offered here without prejudice. We are grateful to Mr Braim for allowing us to post it on this site.
There are also two documents below issued jointly by the optical bodies' advisers on VAT. One is from Steve Botham, the AOPs adviser from BNB Tax Consultants, and the other is from Shaun King, FODOs adviser from Accordance Ltd. They have been drawn up to answer some of the questions that practitioners may have about how the VAT change affects them.
Steve Botham is available to help members to recalculate their full cost apportionment calculations - although there would be a fee payable. BNB also offer AOP members a discounted rate for their VAT Checker service -click here for further details.
