by David Jones | Aug 4, 2022 | Self Assessment
HMRC has recently announced a massive expansion of the data it collects from taxpayers; but can this huge data grab be justified and what effects will it have on businesses and individual taxpayers? HMRC’s plan covers 6 areas where they claim that the additional data...
by David Jones | Jul 28, 2022 | Self Assessment
This week’s Blog concerns the many taxpayers who own one or more properties that have been rented out and the requirement to report to HMRC, any disposal of such properties within 60 days of the completion of the sale. Last week, HMRC confirmed that taxpayers who have...
by David Jones | Jul 21, 2022 | Pension
This week’s Blog is the sad saga of retired chef Philip Jones, who discovered that his UK state pension was significantly lower he expected, as a direct result of an incomplete or patchy NIC record. On retirement, Mr Jones discovered that his state retirement pension...
by David Jones | Jul 14, 2022 | VAT
Whether some procedures purportedly carried out for medical purposes qualify for VAT exemption has always been a grey area. Today I’m looking at a recent VAT tribunal case when Skin Rich Ltd, failed in their attempt to obtain a ruling that Botox and nail fungal...
by David Jones | Jul 7, 2022 | Business Tax, Opinion, Self Assessment
Although the UK is experiencing inflation, almost as bad as dreadful rates in the 1980’s, most of our many and varied tax allowances, such as mileage rates, have remained frozen for at least a decade. This is leaving both taxpayers and employees out of pocket during...
by David Jones | Jun 30, 2022 | Opinion
As the UK lurches ever nearer to recession, this has been compounded by soaring inflation which continues to squeeze households and businesses. As a consequence, the Bank of England (BoE) has raised interest rates by 0.25% for the fifth consecutive time. The highest...
by David Jones | Jun 23, 2022 | Self Assessment
HMRC has recently published new guidance which is intended to clarify whether or not certain activities amount to being a business, or it’s merely a hobby. Unfortunately, like many things HMRC tries to do to help the public better understand its rules, all that they...
by David Jones | Jun 16, 2022 | Business Tax, Opinion
Recently there’s been quite a lot of chatter in the corridors of power regarding tax cuts. Whilst constant murmuring about tax cuts from those in high office should be encouraging, it would be nice to see some action. Is it ever going to happen and, if so, which...
by David Jones | Jun 9, 2022 | Self Assessment
Although Boris has been making sweeping claims that he plans to reduce our taxes, nothing substantial has been announced recently, nor has there been any significant news from HMRC, so I thought I would share with you some of the recent questions asked by clients and...
by David Jones | Jun 2, 2022 | Comments on Global News, Corona Virus, Opinion, Profit & Cashflow Forecasting, Self Assessment
The business insolvency tsunami we saw in our peripheral vision at the end of the tax year in March, now appears to be accelerating and recent data shows it is now starting to crash on the shores of the business world. Business Insolvencies: What are the numbers?...
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