by David Jones | Apr 2, 2020 | Business Regulation, Corona Virus, Payroll Services
Since my latest two Blogs, ‘Coronavirus: What help can self-employed workers get’? & ‘Coronavirus: VAT Deferment’ Clients have called and emailed on the various subjects raised and covered in the blog. So, as promised, as soon as there is some genuine news...
by David Jones | Mar 30, 2020 | Corona Virus, VAT
Many UK businesses are at risk of losing out on the coronavirus three month VAT deferment if they do not act immediately. After announcing the easement on 20th March, HMRC has followed up with a warning that direct debit payers must contact their banks to cancel the...
by David Jones | Mar 27, 2020 | Corona Virus, Profit & Cashflow Forecasting
Finally, we’ve now had the long-awaited announcement by Chancellor Rishi Sunak, on what he will do to help the UK’s self-employed affected by the coronavirus outbreak. Millions of self-employed individuals, including those in partnerships, will receive direct cash...
by David Jones | Mar 20, 2020 | Comments on Global News, Opinion
The coronavirus disease (technically the Covid19 strain) officially spread to the United Kingdom on 31st January 2020 from China. Everyone should be concerned, but let’s get a little perspective here. To many individuals, especially in the news media, we are facing an...
by David Jones | Mar 13, 2020 | Business Regulation, Payroll Services
A case concerning voluntary overtime and a change to the employment rights regulations, which have combined to give payroll professionals a headache when calculating holiday pay. What exactly is a week’s pay? The Working Time Regulations give workers the right to a...
by David Jones | Mar 5, 2020 | VAT
The upper tribunal, which is essentially the tax Court of Appeal, has ruled that lift passes sold at an indoor ski centre should be subject to 5% VAT. Overturning the first-tier tribunal decision from 2018. The decision highlights one of the most worrying aspects of...
by David Jones | Feb 28, 2020 | Business Regulation, Business Tax, Tax Investigations, VAT
HMRC targeted Dodadine Ltd (trading as toucanBOX) on craft products and associated reading materials, produced for young children between the ages of three and eight years old. The company produce craft materials consisting of reading matter and components for craft...
by David Jones | Feb 21, 2020 | Self Assessment
Recent research has revealed that a significant minority of the self-employed have little, or no idea what they can claim for as an expense on their Tax Returns. It’s even worse with PAYE workers, many of whom do not claim for costs or allowances that...
by David Jones | Feb 14, 2020 | Self Assessment
MTD (Making Tax Digital) proved very costly for one taxpayer. Discovering that ignoring an HMRC electronic notice to file landed him with £1,300 in late filing penalties. As part of its broader strategy, the tax department has been encouraging taxpayers to switch to...
by David Jones | Feb 10, 2020 | Business Tax, Self Assessment
An anonymous poster on an ‘Any Answers’ page on a tax forum I subscribe to, asked whether it was permissible for a self-employed individual to claim tax relief on the costs of a therapy dog. This got me thinking about the circumstances in which the self-employed...
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