by David Jones | Jul 11, 2019 | VAT
Making Tax Digital for VAT (MAT) will shortly be upon us with the 7th August deadline for the first quarterly VAT filing, looming large on the horizon. Many of our clients are concerned both with the need for the additional tax submissions but also because of the...
by David Jones | Jul 5, 2019 | Self Assessment, VAT
Today’s Blog came about as a result of my regular review of recent Tax and VAT tribunal cases and this one caught my eye when I read that a first-tier VAT tribunal had decided that Anna Cook’s Ceroc dancing classes qualified for an exemption from VAT....
by David Jones | Jun 29, 2019 | Self Assessment
Recently my in-box has had quite a number of tax related questions so today I will share some of the more interesting questions with you. Each question is from a Tax Blog reader which I hope will be helpful to you or at least you’ll find the answers interesting....
by David Jones | Jun 21, 2019 | Family Tax Credits, Personal Finance, Personal Tax Planning
Today it has been announced that HMRC has cancelled over 6,000 penalties issued to parents who failed to notify the tax authority that they had to pay the high income child benefit charge (HICBC). This charge is designed to claw back child benefit paid to families...
by David Jones | Jun 14, 2019 | Self Assessment
Today I’m looking at a recent VAT Tribunal case concerning a partnership, Faux Properties and their alleged deliberate omission of a big property sale from a VAT return. Omitted Output Tax: Background Faux Properties registered for VAT in order to opt to tax a...
by David Jones | Jun 7, 2019 | Self Assessment
A major glitch within the HMRC self-assessment computer system has meant that hundreds of thousands of taxpayers were not informed of the amount of tax to pay on account by 31st January 2019 and to make matters worse; HMRC have already admitted that this problem won’t...
by David Jones | Jun 2, 2019 | Business Regulation, Business Tax, Self Assessment
Today I’m writing about the procedure involved as well as the tax implications, when a company is struck off from the Companies House register. Formal Winding Up: The Law When you wish to close a company you use the striking off process is used to bring its life to an...
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...
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