With capital gains tax having escaped the Chancellor’s tax hike list, likely only for now, many private business owners are actively considering options for business succession in the short-to-medium term. […]
The Treasury is holding a ‘tax day’ three weeks after the Budget, providing key insight into the government’s long-term tax strategy. Background The Treasury said it will publish several consultations […]
Magma are pleased to have supported Aerocom (UK) in their successful transition, in the form of a Management Buy-Out. Aerocom (UK) Ltd, the pneumatic tube systems and air tube technology […]
Chancellor Rishi Sunak has delivered his Budget 2021 against the backdrop of the extraordinary economic challenges resulting from the COVID-19 pandemic. In this Budget 2021 summary we provide some details […]
Chancellor Rishi Sunak has delivered his Spring Budget for 2021, here’s Magma’s six key points to take away from it: Support-led budget, with tax hikes kicked down the road. Covid […]
In preparation for tomorrow’s (3rd March) Spring Budget, the House of Commons Treasury Select Committee has published a report that recommends a short-term corporation tax rise, rather than personal tax […]
45 months is now the average amount of time that HMRC’s enquiries into big businesses’ tax affairs have now been open. The delays, which have increased from 43 months in […]
HMRC are cracking down on wrongful and fraudulent Research & Development (R&D) tax relief claims – here’s what you need to know. Background In the midst of vaccine rollouts and […]
The tax perks for electric vehicles (EV) are outstanding, especially for business owners. For business owners who drive a car and pay higher rate personal tax, electric company cars may […]
Five years ago, Magma were one of the first to recognise that eligible claims for Multiple Dwellings Relief (MDR) were being missed by property purchasers across the board. Since then, […]
