by David Jones | Nov 16, 2018 | Business Regulation, Business Tax, Profit & Cashflow Forecasting
This is a case where HMRC’s failure to deal with telephone calls from a taxpayer was accepted as a reasonable excuse by a Tax Tribunal. This case concerns a firm called Chameleon Technology UK Ltd and relates to a 10% default HMRC surcharge of £17,599 in relation to...
by David Jones | Nov 8, 2018 | Opinion
Now that I am officially semi-retired (I have every Wednesday off and extra holidays), my thoughts turned to some of the more amusing experiences from my life as an accountant, some of which I will share with you today: Jeremy Corbyn admirer What would they do without...
by David Jones | Nov 1, 2018 | Self Assessment, Tax Investigations
It is vitally important to distinguish between the powers actually granted by Parliament to HMRC; together with the obligations actually imposed on taxpayers by the tax law; with the powers HMRC apparently believes it has and the obligations by which it thinks...
by David Jones | Oct 25, 2018 | Self Assessment
HMRC is challenging the pay ITV host Eamonn Holmes received through his limited company. If Holmes is found to be in breach of IR35 rules, it is believed his company’s tax bill could be in the region of £2m. In an interview with the Mail on Sunday, the...
by David Jones | Oct 18, 2018 | Business Regulation, Business Tax, Payroll Services, Personal Finance, Personal Tax Planning
Here is my latest tranche of UK Tax Questions Answered. 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. The Topics today: Does eviction qualify for CGT Relief? Declaring untaxed income State...
by David Jones | Oct 11, 2018 | Business Tax, Comments on Global News
HMRC is in the process of writing to around 150,000 VAT-registered businesses across the UK regarding the immediate ramifications of a no-deal Brexit. The letter, written by HMRC’s deputy chief exec Jim Harra, explains changes to Customs, Excise and VAT in the event...
by David Jones | Oct 5, 2018 | Accounts, Business Regulation, Business Tax
First it was HMRC, now Companies House are getting in on the act by publishing an annual list of the most unusual and in some cases bizarre, excuses why a company had failed to file its Annual Accounts on time. Each year Companies House (CH) receives a catalogue of...
by David Jones | Sep 28, 2018 | Personal Finance, Personal Tax Planning
How to reduce what you owe the taxman Absolutely no-one wants the taxman to take more than his fair share, so planning your finances early on can ensure you adopt the most tax-efficient strategy for the months and years ahead. Effective tax planning will help protect...
by David Jones | Sep 13, 2018 | Opinion
Today’s Blog is about getting your work/life balance in the right proportions and whilst it primarily concerns my profession, accountancy; it could equally apply to other many small businessmen and women. Accountant’s Work Life Balance Alistair Hayward-Wright Alistair...
by David Jones | Sep 6, 2018 | Business Tax, Tax Investigations
The Court of Appeal has found that HM Revenue and Customs do owe a duty of care to a taxpayer if it makes mistakes and as a consequence, the taxpayer can sue HMRC for damages. Neil Martin v HMRC – The Background Neil Martin, a builder, suffered severe business...
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