by David Jones | May 20, 2021 | Business Tax, VAT
The phrase ‘opening up a can of worms’ is frequently heard in relation to the wonderful world of tax, and the rules surrounding it. Unfortunately, opening a can of worms, appears to be exactly what HMRC are planning to do, in their current examination of the rules on...
by David Jones | Mar 5, 2020 | VAT
The upper tribunal, which is essentially the tax Court of Appeal, has ruled that lift passes sold at an indoor ski centre should be subject to 5% VAT. Overturning the first-tier tribunal decision from 2018. The decision highlights one of the most worrying aspects of...
by David Jones | Feb 14, 2020 | Self Assessment
MTD (Making Tax Digital) proved very costly for one taxpayer. Discovering 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 taxpayers to switch to...
by David Jones | Jan 30, 2020 | Business Regulation, Self Assessment, Tax Investigations
This is a case where a taxpayer failed to respond to questions about used car sales, so HMRC plucked a figure of taxable profit out of the air to use as the base for tax and penalty assessments totalling £342,943. Background to the case HMRC asserted that a gentleman...
by David Jones | Nov 15, 2019 | Business Regulation, Business Tax, Self Assessment, Tax Investigations
An eagle-eyed accountant in Birmingham, Alex Jameson, recently noticed a minor change in HMRC procedures, that will have potentially huge consequences. Mr Jameson discovered that the tax law has been subtly amended so that certain decisions currently required to 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