16Aug
Are you reporting your EU sales correctly?
Box 8 on a VAT return should only record the sale of goods to EU countries. It is a common error to include the supply of services. However, all goods […]
Blog
10Aug
The marriage allowance explained – how to make this tax break work for you
Millions of married couples and civil partners in the UK are eligible for the marriage allowance, but take-up has remained subdued since the tax break came into force on 6 […]
07Aug
Landlords welcome tax incentives for long-term tenancies
The government is giving consideration to the introduction of tax incentives for landlords who offer longer tenancies as part of a new consultation. The Ministry of Housing, Communities and Local […]
06Aug
HMRC raises interest rates for late payments
HM Revenue & Customs (HMRC) wasted no time in notifying its intention to raise the rates of late payment interest, following the announcement of the rise in the Bank of […]
03Aug
HMRC has rolled out its tough new strategy on offshore tax compliance
HMRC has rolled out its tough new strategy on offshore tax compliance. The ‘requirement to correct’ (RTC) imposes a legal requirement on taxpayers to disclose previously undeclared offshore matters; the […]
03Aug
Moving Day
Excitement is in the air today at Magma, as the Leicester team move into their wonderful new offices at Charnwood Edge Business Park. It’s been a long time coming, but […]
27Jul
Furnished holiday lettings – the pros and cons
When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from tax reliefs which wouldn’t otherwise be available to residential landlords, providing certain […]
24Jul
How will Making Tax Digital affect you?
Making Tax Digital is a seriously hot topic with changes coming in from April 2019. VAT-registered businesses with turnover above £85,000 must maintain a digital record of the VAT transactions […]
23Jul
Leicester office move
We are excited to announce that our Leicester team will be moving to more modern and improved offices from Monday 6 August 2018. Whilst the new offices are just a […]
16Jul
Do you know the inheritance tax limits?
According to a recent survey by Canada Life, over two thirds of those whose estates may be liable for inheritance tax (IHT) are unaware of the threshold for the standard […]
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