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, […]
Blog
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 […]
17Jan
Patent box Research & Development relief up 25%
The aim of the Patent Box is to provide an additional incentive (in the form of reduced corporation tax) for companies to retain and commercialise existing patents and to develop […]
16Jan
Magma strengthens Audit team
Magma are pleased to announce that Matt Norris has joined their Rugby office as Manager within the Audit team. Matt, a Chartered Accountant, brings with him significant experience, based on […]
15Jan
Cryptoassets for individuals
Cryptoassets are a relatively new type of much talked about asset. This sector is fast-moving and developing all the time. The CATF (Cryptoasset Taskforce) have currently identified three types of […]
10Jan
Outsourcing payroll – doesn’t it make sense for your business?
Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll. This task […]
08Jan
How to avoid tax charges for overdrawn director’s loan accounts
In a personal or family company, the lines between the directors as individuals and the company are often blurred – the director may lend money to the company when cashflow […]
Memberships
CONTACT
© 2019 Magma Partners Limited. All Rights Reserved