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 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 […]
