The existing furlough scheme (CJRS) will end in a matter of days, and will be replaced on 1st November by the Job Support Scheme (JSS) which will run until 30 April 2021. This will work differently depending on whether a business is open or closed. A business that is open but experiencing reduced demand due […]
Prior to the Chancellor’s recent announcement that he was cancelling his Autumn Statement, it was widely believed capital gains tax (CGT) rates were to be increased to recover part of the cost of the government’s unprecedented Covid19 support package. The detail of these changes was not considered (or at least publicised), but the options were […]
Magma Chartered Accountants has announced a new Partner promotion, as well as 3 new recruits, within its very highly reputed tax team. Michelle Andrews becomes the firm’s 5th Tax Partner. Michelle joined Magma in 2014 from Ernst & Young, with the tax team having also trebled in size since then. Mark Tuckwell, the firm’s Managing […]
Landlords need to be aware that HMRC will know about their lettings through Airbnb, so should make a full disclosure if they have undeclared Airbnb income. HMRC has for some time been using it’s connect data analysis system to collect information about property income and gains from various sources. But now in addition, Airbnb has […]
