19Dec
Countdown to Tax Return deadline
The deadline for submission of 2016/17 Self Assessment tax returns to HM Revenue & Customs is 31 January 2018. If you send your return late, you will receive a £100 […]
Blog
13Dec
Benefit your Staff at Christmas NOT the Taxman!
With Christmas fast approaching some employers may consider making small gifts to their employees. A tax exemption is available which should give employers certainty that the benefits provided are exempt […]
28Nov
Mileage rates for unincorporated property businesses
A measure announced at Autumn Budget 2017 will simplify the way in which individuals and partnerships (made up of only individuals) can claim for motoring expenses associated with running their […]
23Nov
Autumn Budget 2017 – the review for private businesses
As always, this Budget speech was a dry affair, with macro-economic statistics, policy spending and crystal ball forecasting in high order. Magma’s Budget review concentrates on its impact for private […]
15Nov
Disguised Remuneration 2017 settlement opportunity
A new settlement opportunity has been announced by HM Revenue & Customs. This applies to users of tax planning arrangements falling within the disguised remuneration rules – typically Employee Benefit […]
13Nov
HMRC to postpone deadline for registering new trusts until January 2018
Following the launch of HM Revenue & Customs’ new Trust Register, the deadline for registering new trusts (those that first incurred a tax liability in the 2016-2017 tax year) was […]
01Nov
Magma Corporate Finance advises on the sale of Leicester-based MCR Systems to listed Canadian Group
Magma Corporate Finance are extremely pleased to have advised the shareholders of Leicester based MCR Systems on the sale of the business to Jonas Software, part of Toronto listed Constellation […]
26Oct
Capital Allowances Changes
If you are looking to change your company car in the New Year, you should be aware that changes are being made to the tax relief available to businesses for […]
18Oct
Person with Significant Control (PSC) Register Changes
From 26 June 2016 Companies and LLP’s have been required to keep a register of Persons with Significant Control (PSC). A PSC being defined as a person and/or entity owning […]
05Oct
Magma’s deal alert – ENSEK
Magma have successfully advised ENSEK, a leading software supplier to UK energy providers, on their Private Equity backed buy-out. Together with legal firm Spearing Waite, Magma played a leading role […]
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