16Apr
Employment Related Shares – reporting deadline 6 July 2018
Where an employee or Director has received shares or share options in their employing company in the tax year to 5 April 2018 these will, in most cases, require reporting […]
Blog
13Apr
Firm to be prosecuted for illegally opting staff out of pensions
The Pensions Regulator has announced that it will prosecute a national recruitment firm, its directors and some of its senior staff on the suspicion that they illegally opted employees out […]
10Apr
State aid approval for EMI share options expired on 6 April
HMRC has announced that EU state aid approval for the Enterprise Management Incentive (EMI) Scheme expired on 6 April 2018. The Government has been following the process of applying to […]
03Apr
Magma Insights – Issue 7: Spring 2018
Click here to read the latest issue of our newsletter Magma Insights.
14Mar
Highlights of the 2018 Spring Statement
13 March 2018 marked the first ever Spring Statement, which has replaced the Spring Budget. The main purpose of the Spring Statement was not to announce immediate tax changes or […]
13Mar
Many landlords still confused by tax changes as the end of the tax year approaches
Summer Budget 2015 announced changes to the way in which some landlords of residential property get tax relief for their mortgage interest and other finance costs. The changes came […]
12Mar
General Data Protection Regulation (GDPR)
The General Data Protection Regulation (GDPR) will come into force on 25 May 2018. This will replace the current Data Protection Directive. The aim is give citizens back control of […]
07Mar
New advisory fuel rates from March
HM Revenue & Customs have announced new fuel rates for company cars, which apply to all journeys on or after 1 March 2018, until further notice. For one month from […]
28Feb
R&D tax relief on reimbursed expenses
Companies can claim enhanced deductions against taxable profits for qualifying R&D expenditure. HM Revenue & Customs (HMRC) had previously stated that reimbursed expenses could not be included as part of […]
26Feb
Implications of HMRC’s “IR35” victory
A former BBC presenter is facing a large tax bill after a recent tax tribunal ruled in favour of HMRC, following a five-year dispute. As the first IR35 victory for […]
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