11Apr
Promotions at Magma
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 […]
Blog
10Apr
It is important to register for child benefit even if the High-Income Child Benefit Charge applies
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 […]
05Apr
Late filing penalties
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 […]
03Apr
TV presenter Lorraine Kelly has won an appeal at a First Tier Tribunal when the judge ruled that she is a theatrical artist
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 […]
25Mar
Payroll changes effective from April 2019
There are a number of payroll changes coming into effect from April 2019 that employers need to be aware of. All personal employee data must be stored and processed in […]
15Mar
Spring Statement 2019 – Tax Update
With Brexit continuing to dominate the headlines, the Chancellor’s Spring Statement arrived under quieter fanfare this year. Keeping to the brief of only having one major fiscal event per year, […]
11Feb
Making Tax Digital is mandatory from 1 April 2019 – are you ready?
As reported previously, 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. It will […]
07Feb
Corporation Tax Planning
The main rate of corporation tax is set to reduce from 19% to 17% from 1 April 2020. At the same time the availability of the 100% annual investment allowance […]
06Feb
Auto-enrolment fines rise 146%
A recent report from the Pensions Regulator shows that fines issued to employers that fail to comply with their auto-enrolment responsibilities have more than doubled over the last two years. […]
21Jan
HMRC launches new disclosure facility to combat corporate tax avoidance
HM Revenue & Customs (HMRC) has announced the launch of a new ‘profit diversion compliance facility’ designed to encourage Multinational Enterprises (MNEs) to disclose mistakes and/or non-compliance related to profits […]
Memberships
CONTACT
© 2019 Magma Partners Limited. All Rights Reserved