With Christmas approaching more and more employers are offering Christmas gifts to their employees. Showing your appreciation of your staff’s efforts by gifts and benefits is good for morale. However, […]
Tax impacts land and property owners in a multitude of ways. From Stamp Duty Land Tax on purchase, to tax on sale or death (…whichever comes first!) We have a […]
Did you know there is a package of tax reliefs introduced to encourage investment in sport? CTA10/PART6A extends the circumstances in which contributions to grassroots sports can be deducted from […]
Unlike the last few, yesterday’s Budget proved quite eventful for private businesses and successful individuals. Magma’s review is focused on those impacts. To read more, click here
According to official figures, since 2015, HMRC has clawed back more than £332m in tax in a crackdown on football. At this time HMRC has open ‘enquiries’ into 171 players, […]
From 1 April 2019 Making Tax Digital (MTD) will be compulsory for VAT-registered businesses with a turnover above the current VAT registration threshold of £85,000. Under the scheme, all businesses […]
From 6 April 2019, all employees will have the right to receive more detailed payslips. Where an employee’s pay varies due to the number of hours worked, employers will also […]
The Treasury is reportedly considering abolishing the tax-free dividend allowance in the Autumn Budget 2018. The Budget itself is scheduled for 29 October 2018. The dividend allowance was cut from £5,000 to […]
On 7 November 2017, regulations accelerating the date when “very large” companies must pay corporation tax by instalments, were made. For accounting periods that begin on or after 1 April […]
Research from the British Chambers of Commerce (BCC) claims that VAT creates the biggest administration burden for around two-thirds of businesses in the UK. Of the 1,100 businesses of […]
