27Apr
Reporting expenses & benefits
P11D forms Employers have until 6 July 2018 to submit their annual P11D and P11D(b) forms to HM Revenue & Customs (HMRC) reporting relevant employee benefits and expenses for the […]
Blog
25Apr
Magma shortlisted twice at the East Midlands Dealmaker Awards 2018
The Corporate Finance team are delighted to have been shortlisted for both the Deal of the Year and the SME Deal of the Year for the East Midlands Dealmakers Awards 2018. In […]
24Apr
Personal representative liable for inheritance tax due
A personal representative who transferred a deceased’s estate to a beneficiary who has apparently now vanished to Barbados has been told by the First-Tier Tribunal that he must pay a £341,278 […]
20Apr
2018/2019 Tax year – taxing times for individuals
The 2018/19 tax year is now well underway. Below is a summary of some of the changes to tax allowances, to assist individuals to plan as the tax year progresses. […]
17Apr
Inheritance tax (IHT) revenues hit record high
IHT receipts hit a new record high of £5.3billion in 2017/18; a 13% increase on the £4.7billion collected in 2016/17. David Nash, Partner said “The continual increase in inheritance tax […]
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 […]
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 […]
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