09Mar
‘Tax Day’ set for March 23
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 […]
Blog
05Mar
Magma advise on Aerocom buy-out
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 […]
05Mar
Budget 2021 Summary
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 […]
03Mar
Spring Budget 2021: Six key points at a glance
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 […]
02Mar
No personal tax increases to pay for pandemic, say UK MPs
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 […]
26Feb
Four year backlog for big businesses’ tax affairs
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 […]
25Feb
New R&D tax relief procedures explained
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 […]
23Feb
Should your next company car be electric?
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 […]
19Feb
Stamp Duty Land Tax – Being Careful with Multiple Dwellings Relief
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, […]
17Feb
Making Tax Digital: Phase 2 is Coming
What is it? Phase 2 of HMRC’s Making Tax Digital (MTD) programme will soon be with us. The initiative is fundamentally changing UK tax reporting systems and processes for businesses […]
Memberships
Contact us
© 2021 Magma Chartered Accountants. Rugby, Milton Keynes and Cossington in Leicestershire