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...
by David Jones | Jun 28, 2018 | Business Tax, VAT
In life the well-known adage ‘there’s no such thing as a free lunch’, is universally accepted as a self-evident truth; but is there such a thing as a free drink? If I make a client who has called it to see me a cup of coffee and give it to them, it’s clearly a free...
by David Jones | Jun 1, 2018 | VAT
This week in my final Blog on input tax, I will look at how partly exempt businesses and not-for-profit entities must look at the ‘use’ of an expense and whether there is a ‘direct and immediate’ link to taxable supplies. Input Tax Introduction Input tax can only be...
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