by David Jones | Apr 27, 2023 | Business Tax, Opinion, Personal Finance, Self Assessment
As a tax accountant and blogger, I often think about the UK tax system. The more I looked, the clearer it became that the UK tax system treats certain taxpayers differently to others, which leads to unfairness in terms of the amount of tax paid on similar levels of...
by David Jones | Mar 30, 2023 | Comments on Global News, Opinion, Personal Finance
In light of the latest figures on inflation, with a jump to 10.4% during February, the Bank of England (BoE) has once again decided to raise UK interest rates by 0.25%, taking the current rate of interest to 4.25%, its highest figure since the banking crisis of...
by David Jones | Mar 16, 2023 | Business Regulation, Business Tax, Comments on Global News, Pension, Personal Finance, Personal Tax Planning, Self Assessment
So quipped Chancellor Jeremy Hunt during his Budget speech yesterday; but apart from eleven pence off a pint of draught beer at your local pub, what else did Mr Hunt announce? Budget 2023: Taxation measures The cap on the total amount individuals can accumulate in...
by David Jones | Mar 2, 2023 | Personal Finance, Self Assessment
Moving to online communication proved very costly for one taxpayer recently when he discovered that ignoring an HMRC electronic notice to file landed him with £1,300 in late filing penalties. As part of its broader strategy, the tax department has been encouraging...
by David Jones | Feb 16, 2023 | Business Regulation, Business Tax, Corporate Tax Planning, Opinion, Personal Finance
With the Budget due next month, I’ve been thinking about the UK tax system. The more I looked, the clearer it became that the UK tax system treats certain taxpayers differently to others, which leads to unfairness in terms of the amount of tax paid on similar...
by David Jones | Jan 19, 2023 | Business Tax, Pension, Personal Finance
Today’s Blog is inspired by a conversation I had with a self-employed client last week about pensions. The client ‘Roger’ told me two things during the meeting; firstly, that he had turned 40 that very morning and secondly, because times were hard, that he had decided...