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 | Feb 7, 2019 | VAT
In 1991 a landmark tax ruling deemed that McVitie’s famous Jaffa cake were actually cakes and not biscuits as assessed by HMRC/VAT; thus zero-rating them for VAT purposes. Now, almost 30 years after this definitive VAT case (is it a cake or a chocolate biscuit?)...
by David Jones | Nov 22, 2018 | VAT
I recently became involved with a situation where HMRC demanded output tax on donations received by a charity. I found this strange, as donations are generally outside the scope of VAT because the money received does not relate to the supply of goods or services. The...
by David Jones | Aug 16, 2018 | Tax Investigations, VAT
This is the strange case of Quality Engines Direct Ltd (QEDL), and concerned two sales of silver ingots, where the VAT at stake was £60,062. The court decided that no output tax was payable on those sales because the company didn’t own the goods. QEDL’s main business...
by David Jones | Aug 3, 2018 | Business Tax, Self Assessment, VAT
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: VAT repayment refusal Materials, Net or Gross? Property split between...
by David Jones | Jul 12, 2018 | VAT
This is a tale of two associated companies and HMRC’s disallowance of nearly £50,000 of input tax, resulting in the VAT officer involved getting a very nice little bonus, so read on….. VAT Trading background Bob Antsy is the sole director of a building company Antsy...
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