by David Jones | Nov 16, 2023 | Tax Investigations, VAT
Earlier this year, an intrepid officer from HMRC’s VAT hit squad, visited a small cake and sandwich shop and purely on a couple of hours observation, believed that the shop owners were deliberately minimising their Standard Rate (SR) sales. After a subsequent visit he...
by David Jones | Aug 17, 2023 | Business Tax, VAT
For the ordinary man or woman-in-the-street, the distinction between a drink and a beverage may seem purely academic, but this has actually generated a great deal of interest for both VAT experts and the Revenue, because the implications of just where the line is...
by David Jones | May 18, 2023 | VAT
Today’s Blog concerns a football agent who received €4m for their part in an international transfer deal, zero-rated the transaction in their records, but then HMRC stepped in, demanding 20% VAT on the deal. VAT & Football Transfers: Background Sports Invest UK...
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 | Jan 12, 2023 | Business Tax, Tax Investigations, VAT
Today I’m going to tell you the tale of a taxpayer, whose claim of not actively trading was blown out of the water by Google’s watchful eye, leaving him personally liable for VAT of £65,801. Zakir Hashmi was the sole director and only shareholder of Apollinaire Ltd,...
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