Magma Corporate Finance are pleased to have advised Rayburn Tours on their acquisition of Sports Tours, a leading provider of sports tours and tournament festivals throughout the UK and Europe. Established in 1965 Rayburn Tours is an independent, family run business based in Derby dedicated to creating tailor-made tours for groups. Rayburn specialise in educational […]
In conjunction with continued business growth, we are delighted to announce a number of promotions. Congratulations to Shafwaan Bheda (“Shaf”), who has been promoted to Senior Manager in the Corporate Finance team. In the Audit/Accounts team, Ryan Parkin and Lotifa Begum have both been promoted to Assistant Manager. In the Corporate Tax team Liam Meade […]
Parents affected by the High-Income Child Benefit Charge (HICBC) can be forgiven for thinking that there is no point in registering for child benefit if they may have to give back everything they receive in the form of a tax charge. The HICBC applies where the parent claiming child benefit or their partner has income […]
HM Revenue & Customs (HMRC) has notified the Tax Faculty that it has started to issue the £100 late filing penalties for 2017/18 self assessment returns that were not filed by 31 January 2019. The penalty notices are being issued later than usual to free up staff in HMRC call centres and back office for […]
The breakfast TV presenter Lorraine Kelly has won an appeal at a First Tier Tribunal (FTT) over a £1.2m demand for unpaid income tax and National Insurance contributions (NICs) arising from a challenge to her employment status under IR35. Judge Jennifer Dean ruled that Lorraine was performing the role “of a friendly chatty and fun […]
