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 | May 17, 2018 | VAT
This week, in the first of three articles, I will explain how a business can still claim input tax even if it can’t produce a tax invoice to HMRC. The evidence needed to claim input tax The main document needed to claim input tax is a tax invoice, which should include...
by David Jones | Nov 16, 2017 | Business Tax
HMRC/VAT recently announced that it will disallow Input Tax on purchase invoices which are more than six months overdue for payment if the business cannot prove it has paid the suppliers. They will now disallow the claim for Input Tax even when the invoice being...
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