Whether or not a company is UK tax resident is naturally a matter which is of some interest to HMRC. Companies who are incorporated in the UK are automatically tax resident; it is only those companies which are incorporated overseas whose status must be otherwise determined. Case law has established that a company incorporated overseas […]
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HMRC’s new Trust Register has now been launched. The new Trusts Online Service is the portal for trustees to provide HMRC with information required for the Register, such as the name of the trust and the date it was set up, national insurance number and date of birth for the settlor, trustees (and beneficiaries, as required). […]
Magma is delighted to welcome Amy Read to our private client team, as a Tax Manager in our Leicester office. Amy spent the first 10 years of her career with Grant Thornton and has over 15 years’ experience advising clients, including business owners, wealthy individuals, trusts, landlords and partnerships, on personal tax compliance and planning […]
Magma is delighted to welcome Jade Varden and Peter Hanly to its private client team, as graduate tax trainees. David Buck, Tax Partner said “We are delighted to welcome Jade and Peter to the team and we look forward to them progressing their careers with us”.
Magma are pleased to announce that they have recently achieved Gold Partner status with Xero, the multi award winning global leader in cloud-based accounting software. In partnership with Xero, Magma can offer all clients an accounting solution that is accessible from any internet-connected device – phone, tablet, or computer. An increasing number of Magma’s clients […]
