by David Jones | Jan 18, 2019 | Personal Tax Planning
World’s oldest person tax scam In the news recently was a report that researchers have uncovered evidence which suggests that the woman registered as the world’s oldest person may actually have been her daughter, who assumed her identity to avoid paying inheritance...
by David Jones | Jan 11, 2019 | Personal Finance
Taxes Management Act 1970 These days organising a family trust, whether it’s to benefit children/grandchildren or to legally move assets so they can’t be grabbed by the Local Authority to pay for nursing home fees; more and more individuals are setting them up. In...
by David Jones | Jan 4, 2019 | Uncategorized
Liability to Tax To paraphrase the well-known Rolling Stones’ hit ‘You can’t always get what you want’, which certainly applied in this recent Tribunal case involving a certain Mr Jagger; but Scott Jagger rather than his more famous namesake Mick. Mr Jagger, a...
by David Jones | Dec 21, 2018 | Opinion
The office Christmas tree is up, the receptionist is wearing one of those tacky yuletide knitted sweaters and Mike from IT has already eaten all 24 of his advent calendar chocolates. But help is at hand! I’ve put together a one or two potential stocking fillers for...
by David Jones | Dec 14, 2018 | Uncategorized
As thesaying goes, the only certainties in life are death and taxes; so how can payingtaxes be stress free? You can, just leave it to your accountant The foolproof approach to preparing Your Tax Return The 31st January deadline is fast approaching and you’ve decided...
by David Jones | Dec 7, 2018 | Uncategorized
Individuals who reach the state pension age on or after 6th April 2016 Entitlement to the state pension is contingent on having sufficient “qualifying years”. These are tax years for which you have a paid a minimum level of NIC or received NIC credits. Individuals who...
by David Jones | Nov 29, 2018 | Tax Investigations
This was a case in which arch brexiteer Arron Banks sought to use the European convention on human rights to argue that Inheritance Tax (IHT) charged on gifts he made to the UK Independence Party (UKIP) amounted to a breach of his human rights.Gifts or donations made...
by David Jones | Nov 22, 2018 | VAT
I recently became involved with a situation where HMRC demanded output tax on donations received by a charity. I found this strange, as donations are generally outside the scope of VAT because the money received does not relate to the supply of goods or services. The...
by David Jones | Nov 16, 2018 | Business Regulation, Business Tax, Profit & Cashflow Forecasting
This is a case where HMRC’s failure to deal with telephone calls from a taxpayer was accepted as a reasonable excuse by a Tax Tribunal. This case concerns a firm called Chameleon Technology UK Ltd and relates to a 10% default HMRC surcharge of £17,599 in relation to...
by David Jones | Nov 8, 2018 | Opinion
Now that I am officially semi-retired (I have every Wednesday off and extra holidays), my thoughts turned to some of the more amusing experiences from my life as an accountant, some of which I will share with you today: Jeremy Corbyn admirer What would they do without...
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