Blog

06Jun

Magma strengthens Private Client Tax

We are delighted to welcome Sara Burgess to our Private Client Tax team. Sara joins us a Senior Tax Manager from Saffrey Champness, where she was part of their London […]

26May

Automatic Exchange of Information (AEOI) – returns deadline 31 May 2017

Automatic Exchange of Information agreements are made between the UK and other countries. These agreements allow the exchange of information between tax authorities of different countries about financial accounts and […]

22May

Reporting requirements for Trusts and Estates

Last year the requirement to deduct tax at source on bank, building societies and National Savings and Investments (NS&I) income was removed and income from these sources is now paid […]

12May

Maximising the tax efficiency of your jointly owned rental property

In light of recent tax changes, including the extent to which tax relief is available for finance costs (including mortgage interest), many buy-to-let landlords have been considering what can be […]

03May

Finance Bill cut ahead of General Election

Today Parliament dissolves ahead of the General Election announced for June 8th. Last week, due to the need for significant amounts of legislation to go through the parliamentary process at […]

26Apr

Annual Share Schemes Reporting

Any company whose employees or directors have acquired shares, options or securities either from the company or from another shareholder of the company must report this through HMRC online services […]

21Apr

Planned probate fee increases scrapped ahead of general election

The controversial planned increase in probate fees has been scrapped ahead of the general election. Probate fees, which must be paid by personal representatives of estates in order to obtain […]

11Apr

Seven Promotions at Magma

Following the recent merger with Clear & Lane Accountants and New Partner Appointments, Magma is pleased to announce seven wider promotions at managerial level. In the Audit and Accounts team, […]

10Apr

Parliamentary committee questions legality of probate fees increase

Probate fees, which must be paid by personal representatives of estates in order to obtain a grant of probate, are set to increase significantly from May 2017; moving from the […]

24Mar

The 2017 Finance Bill

The 2017 Finance Bill was published on Monday 20 March. The Treasury said the bill, which is over 700 pages in length, “continues the Government’s crackdown on tax avoidance” and […]