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...
by David Jones | May 16, 2019 | Corporate Tax Planning
Today I’m reporting on a new push by HMRC against the US ‘tech’ multinationals, after new figures revealed suspected tax underpayments from large overseas firms are rising. According to a freedom of information request, the tech giants’ share of the total “tax under...
by David Jones | May 10, 2019 | Business Tax, Tax Investigations
Today I’m writing about a variation of the old saying: ’If it walks like a duck and sounds like a duck, it’s a duck’. In this scenario, I’m talking about the humble van which might look like a van and you might call it a van but to calculate tax on a benefit-in-kind...
by David Jones | May 2, 2019 | Business Tax, Tax Investigations
Entrepreneurs’ Relief concerning an orthopaedic surgeon who sold his practice, but continued to work for the buyer, with HMRC claiming that no sale had occurred for tax purposes. It is reasonable to expect an individual who sells their business to an independent third...
by David Jones | Apr 26, 2019 | Business Regulation, Business Tax, Opinion, Self Assessment
It has been a few months since my last tranche of UK Tax Questions Answered →, so I thought it about time to share with you some of the more interesting questions I’ve had in recent months. Each question is from a Tax Blog reader which I hope will be helpful to...
by David Jones | Apr 19, 2019 | Opinion, Self Assessment, Tax Investigations
Today I’m reporting on a snippet of recent news when HMRC admitted that over the past five years it has spent on average £10,000 a year on florists’ bills, to try and placate taxpayers who’ve been the subject of blunders by the taxman. Sometimes a sincere apology or a...
by David Jones | Apr 11, 2019 | Accounts, Business Regulation, Business Tax, Personal Finance, Personal Tax Planning, Self Assessment
The new 2019/20 Tax Year started last week and as usual there are a number of changes, which may well affect you. In most years these changes would be plastered all over the TV news or the newspapers, but unfortunately at the moment the press appears to be obsessed...
by David Jones | Apr 4, 2019 | Business Regulation, Business Tax, VAT
Today I’m reporting on the curious case of JCA Seminars Limited that deliberately overpaid its VAT and then when the matter came to light, deliberately underpaid VAT on subsequent returns to correct the issue. It will not surprise you to learn that HMRC/VAT did not...
by David Jones | Mar 28, 2019 | Self Assessment
Here’s one out of left field: the government should scrap the personal allowance entirely and replace it with a weekly payment of £48.08 to every adult over the age of 18 earning less than £125,000 a year. The new proposal by the New Economics Foundation (NEF), a...
by David Jones | Mar 21, 2019 | Comments on Global News
We were promised a fiscal non-event for this year’s Spring Statement and, it must be said, last week the Chancellor delivered in spades. A speech light on detail, but with a few things for British businesses to chew on as the Brexit timebomb ticks in the background....
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