More recent posts
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Do you qualify for Land Remediation Relief?
Land Remediation Relief (LRR) can provide tax relief in all commercial property sectors where companies are subject to corporation tax. Unlike capital allowances, LRR is available to property…
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HMRC’s growing attention towards cryptocurrency
The rise in prominence of cryptocurrency has seen HMRC issuing speculative letters to taxpayers, warning them of potential Capital Gains Tax (CGT) implications. The letters from the treasury…
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Inaugural TAM Day sets out tax details
The UK government has marked the inaugural Tax Administration and Maintenance (TAM) Day with the release of 30 papers covering a wide range of tax issues. Chancellor Rishi…
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IHT receipts jump £600m year-on-year
HMRC has published data showing Inheritance Tax (IHT) receipts reached £3.6bn between April 2021 and October 2021 – £600m higher than in the same period in 2020. The…
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Christmas gifts and their tax implications
With Christmas fast approaching, you may be looking to provide gifts for your staff. So, what do business owners need to consider from a tax perspective? What gifts…
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Is the scope increasing for ‘one to many’ letters?
HMRC appear to be sending ‘one to many’ (OTM) letters for a growing number of reasons, including employment income, foreign tax and crypto assets. What are OTM letters?…
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Magma support over £150m worth of deals in a year
Magma Corporate Finance’s rising profile in the M&A realm continues as they contribute to transactions worth over £150m in value in the last 12 months. Magma’s corporate finance…
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Attract and retain employees with share schemes
The competition for talented staff is stiffer than ever. However, employee share schemes may offer an appealing employee reward solution for businesses struggling to attract and retain their…
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Tax changes for limited companies holding residential property
The Annual Tax on Enveloped Dwellings (ATED) was introduced nearly 10 years ago. Before April 2022 though, the legislation will require important revaluations to be carried out. The…