by David Jones | Mar 9, 2018 | Corporate Tax Planning, VAT
As I’ve commented before, VAT has some quirky rules and if you thought the VAT rules took the biscuit in defining Jaffa Cakes as…. well, cakes; but here is a case where the flavour of a milkshake governs whether or not 20% VAT is chargeable. Every now and then, when...
by David Jones | Dec 29, 2017 | Business Tax, Corporate Tax Planning
To qualify for Entrepreneurs’ Relief (ER) on a share disposal, you must hold at least 5% of the company’s ordinary share capital. But what exactly is the “ordinary share capital” of the company? This is a subject that thousands of small company directors and...
by David Jones | Jul 13, 2017 | Business Start-up, Corporate Tax Planning, 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: Can losses on my horse be offset against Income Tax One-off freelance...
by David Jones | Apr 28, 2017 | Corporate Tax Planning
Most of you will not know much if anything about Making Tax Digital (MTD) yet. You may have been told it will be “a digital service that enables small businesses to access everything they need to manage their tax affairs in a secure online space”, and if...
by David Jones | Apr 20, 2017 | Corporate Tax Planning, Personal Finance, Self Assessment
On 6th April 2016 a new Dividend Allowance in the form of a 0% tax rate on the first £5,000 of dividend income in a tax year, was introduced by the Chancellor but there is still a lot of confusion amongst both Company Directors and shareholders on how the allowance...
by David Jones | Mar 23, 2017 | Business Start-up, Corporate Tax Planning, Payroll Services, Self Assessment
I thought that I’d let the dust settle on Chancellor Philip Hammond’s Spring 2017 Budget before commenting and boy oh boy am I pleased with that decision after his ignominious climbdown on the National Insurance tax increase for the self-employed. Who would have lost...
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