The Government has announced that the expansion of the off-payroll working rules, known as IR35, will be delayed in the light of the COVID-19 pandemic. As reported previously, the rules […]
Anyone can opt to defer! VAT payments are deferred for 3 months, applicable from 20 March 2020 until 30 June 2020 – all UK businesses are eligible. This is an […]
Soon after announcing the new Coronavirus self-employed income support scheme, the Government has now set out further guidance for Employers on the Job Retention Scheme (or ‘Furlough’ scheme to take […]
The Chancellor has this evening announced a new self-employed income support scheme. The Government will pay self-employed people a taxable grant of 80% of their average monthly trading profit over […]
As promised by the Government, further detail was provided on the Coronavirus Business Interruption Loan Scheme (CBILS) this week, and in what was an unprecedented timeframe, the scheme is now […]
In conjunction with Government guidance and in support of national health efforts, we have taken the difficult decision to temporarily close our offices in Rugby and Leicester until further notice. […]
In a bid to ease the strain on economy, the Chancellor has followed through on his promise ‘to do whatever it takes’ to support the economy in a series of […]
We at Magma are here to support your business In what is proving to be a constantly evolving situation with COVID-19, we at Magma are staying informed on the financial […]
Yesterday, the Chancellor announced further support for businesses and individuals which could prove invaluable to those suffering from the economic impact of the global Coronavirus pandemic. Sunak’s bold measures […]
The dedicated HMRC helpline for businesses and self-employed individuals, who have concerns about paying their tax due to COVID-19, as promised at Budget 2020, is now in operation. Web link […]
