More recent posts
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The 2017 Finance Bill
The 2017 Finance Bill was published on Monday 20 March. The Treasury said the bill, which is over 700 pages in length, “continues the Government’s crackdown on tax…
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Budget plan to increase national insurance contributions reversed
Plans to increase national insurance contributions for the self-employed, as announced in the Spring Budget last week, have been dropped. Chancellor Philip Hammond has told MPs in a…
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Investors’ Relief
Today represents the first anniversary of the introduction of Investors’ relief (IR). Where available, IR enables investors to enjoy a 10% rate of capital gains tax on disposal…
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Budget 2017 – What Planet is the Chancellor on?
We invite you to join us for a breakfast seminar on Thursday 9 March at 8am until 9.30am. This will be an ideal opportunity to hear from and…
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Magma appoints two new Tax Partners
Following its recent merger with Leicester-based Clear & Lane earlier this week, Magma are delighted to announce the appointment of Jon Kicks and David Buck as Tax Partners.…
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Which Legal Structure?
The legal structure you choose for your business is one of the most important decisions you will make in the start-up process. There are generally four basic types…
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New company car fuel rates
HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 December 2016. To give employers time to change their systems, for…
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Phishing and scams
In recent times there seems to have been an increase in taxpayers receiving emails/texts supposedly sent to them from HM Revenue and Customs (HMRC). One example is bogus…
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HMRC withholding tax relief on ‘in specie’ pension contributions
HMRC are reportedly withholding millions of pounds of tax relief from pension savers who have made ‘in specie’ pension contributions; the contribution of non-cash assets to a pension…