More recent posts
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More record figures for inheritance tax receipts
The UK government’s inheritance tax intake has increased by a staggering £1bn over the last year, according to new figures from HM Revenue and Customs (HMRC). The rise…
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Capital gains tax rules for separating spouses relaxed
From 6 April 2023, some of the capital gains tax (CGT) advantages of being married have been extended to last for longer post-separation. Separating spouses or civil…
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HMRC tightening its grip: additional reporting requirements for R&D tax relief claims
HM Revenue and Customs (HMRC) has announced that R&D claims submitted on or after 1 August 2023 will require more supporting information through an additional online form. This…
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Magma nominated in two categories for the East Midlands Dealmakers Awards
We’re delighted to share that we’ve been nominated in two categories, the Corporate Finance Advisory Team of the Year and Deal of the Year (under £10m), at the…
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Say goodbye to paper P11D forms: UK employers must now submit P11D forms online
P11D reporting provides HMRC with details of employment benefits provided to staff each year. Not everything has to be declared, but the list of things that do is…
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Magma advises on sale of Lindsay Phillips Property Care
Magma Corporate Finance is pleased to have advised on the sale of East Midlands’ contract cleaning company, Lindsay Phillips Property Care (LPPC), to Birmingham-based Hygiene Group. LPPC has…
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Spring Promotions
Magma Chartered Accountants are pleased to announce several promotions across its Audit, Tax and Business Services divisions. With timing uncannily synonymous with the start of the blooming season,…
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Fuel your future with Magma
As a young and dynamic business, we see individual and collective learning and development as an integral part of success. When beginning a career in the financial sector,…
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Full expensing investment allowance: A new tax incentive for UK businesses?
Jeremy Hunt recently announced a new investment allowance, in an attempt to soften the impact of the much-criticised corporation tax hike. But will it work? Revealed in the…