by David Jones | Jul 29, 2021 | Business Tax, Personal Finance, VAT
HMRC has now clarified the VAT treatment of the supply of electricity for electric vehicles, but the result is not exactly what most people expected. Where do most of us charge our E-car? Usually at home, as the electricity supplied to your home qualifies for the...
by David Jones | Jul 22, 2021 | Business Regulation, Business Start-up, Business Tax, Personal Finance, Self Assessment
As it’s been three months since I last posted a Blog on the many questions asked by correspondents to our website and by existing clients, I thought it time to share with you a handful of the more interesting questions I’ve received in recent weeks, which...
by David Jones | Jul 16, 2021 | Business Tax, Opinion
In view of an email I received from HMRC last month, there was only one subject I could write about this week. The email in full: Dear Sir, Relaunch of Agent Dedicated Line We are pleased that we are now able to trial a relaunch of the Agent Dedicated Line, which will...
by David Jones | Jul 8, 2021 | Corona Virus
A disturbing report out this week by the cross-party Public Accounts Committee (PAC) has revealed how relaxed controls combined with the speed of the coronavirus financial support packages created a perfect storm for fraudsters, with an estimated minimum of £27bn...
by David Jones | Jul 1, 2021 | Opinion
Delightfully quirky and old fashioned, the 5th April tax year end is uniquely peculiar to the UK, no other country or even UK based businesses share this odd date. Changing Tax Year End: Why was April 5th chosen? Firstly, we need to go back to 1582 when Pope Gregory...
by David Jones | Jun 24, 2021 | Business Tax, Corona Virus, Opinion, Payroll Services, VAT
The coronavirus lockdown has been extended for at least four weeks until 19th July, but the government has stated that it will not provide further support for businesses to navigate the final hurdle of restrictions. This has been heavily criticised by not only the...
by David Jones | Jun 17, 2021 | Business Tax, VAT
In previous Blogs I have warned readers of the pending VAT change on 1st April 2022, when HMRC’s much heralded Making Tax Digital (MTD), will be extended to businesses that have voluntarily registered for VAT; even though their turnover does not exceed the compulsory...
by David Jones | Jun 10, 2021 | Business Start-up, Opinion, Personal Finance, Self Assessment, VAT
The business of buying and letting property can be a complicated one; especially as any decisions made on the basis of the tax payable, could well change at various points in the property business life-cycle. There are a number of potential pitfalls to trip-up the...
by David Jones | Jun 6, 2021 | VAT
All accountants are aware that if HMRC delays repaying a VAT return claim by more than 30 days, it is obliged under its Code of Practice, to pay a repayment supplement equal to 5% of the repayment amount or £50, whichever is greater. The only exception to this rule is...
by David Jones | May 27, 2021 | Opinion, Self Assessment, VAT
There has been no shortage of complaints about HMRC’s performance recently, both from accountants and ordinary taxpayers. In March, the latest HMRC cock-up hit the fan, this time involving a mass data breach. The scandal saw thousands of accountants receiving late...
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