by David Jones | Jun 21, 2019 | Family Tax Credits, Personal Finance, Personal Tax Planning
Today it has been announced that HMRC has cancelled over 6,000 penalties issued to parents who failed to notify the tax authority that they had to pay the high income child benefit charge (HICBC). This charge is designed to claw back child benefit paid to families...
by David Jones | Jun 14, 2019 | Self Assessment
Today I’m looking at a recent VAT Tribunal case concerning a partnership, Faux Properties and their alleged deliberate omission of a big property sale from a VAT return. Omitted Output Tax: Background Faux Properties registered for VAT in order to opt to tax a...
by David Jones | Jun 7, 2019 | Self Assessment
A major glitch within the HMRC self-assessment computer system has meant that hundreds of thousands of taxpayers were not informed of the amount of tax to pay on account by 31st January 2019 and to make matters worse; HMRC have already admitted that this problem won’t...
by David Jones | Jun 2, 2019 | Business Regulation, Business Tax, Self Assessment
Today I’m writing about the procedure involved as well as the tax implications, when a company is struck off from the Companies House register. Formal Winding Up: The Law When you wish to close a company you use the striking off process is used to bring its life to an...
by David Jones | May 23, 2019 | Personal Finance, Self Assessment
HMRC are looking to change tax relief on homes The 2018 budget included the news that HMRC wants to review the Capital Gains Tax (CGT) relief enjoyed by those who make gains from selling their own homes known as private residence relief. HMRC’s review of the...
David Jones is the Senior Partner and Founder of Morgan Jones & Company. Born in Liverpool and an Accountancy graduate of the University of Wolverhampton, David spent twenty years working for the Customs & Excise in London then Shrewsbury before starting his own business. David's depth of knowledge of the UK tax system and his ability to communicate this learning has seen Morgan Jones & Company grow into Shropshire's most respected Accountancy Practice. Email David