More recent posts
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New Dividend Tax from April 2016 – The Dividend Allowance
From 6 April 2016, dividends of up to £5,000 can be received tax free. Whilst this may appear good news, this allowance is introduced at the same time…
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Members Voluntary Liquidations (MVL’s) – time for action!
Shortly before Christmas, the Government published a consultation document outlining its intention to make changes to the taxation of distributions to shareholder individuals made through a Members Voluntary…
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Autumn Statement – November 2015 – Summary of tax points
The Chancellor delivered this 2015 Autumn Statement on 25 November. Only a handful of tax measures made it into the speech presented to parliament; additional measures were laid…
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Magma highly commended at EIS Association Annual Awards 2014
The annual Chairmans Reception for the EIS Association in the House of Lords took place on Thursday 12th February 2015 with host Baroness O’Cathain and EIS Association Chairman…
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Tax Disputes: Accelerated Payment Notices
Finance Bill 2014 received Royal Assent on 17 July 2014 and became Finance Act 2014. With this HMRC’s new tax collection powers in respect of the ability to…
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Guidance on changes to Venture Capital Schemes
On 19 May 2014 the Government published an information note to clarify the scope of the proposed changes in Finance Bill 2014. It was announced at Budget 2014…
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Research and Development Tax Relief
Research and Development (‘R&D’) tax relief is a Government approved incentive to encourage companies to invest more in R&D and hence invest more in innovation. Please click here…
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Autumn Statement 2013 – Summary of main tax points
5 December 2013 The Chancellor delivered his 2013 Autumn Statement today. We have summarised some of the tax highlights below. Businesses There was very little in the way of…
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SEIS Government statistics
The Government recently published statistics indicating that the Seed Enterprise Investment Scheme (“SEIS”), which offers tax reliefs to individual investors acquiring shares in early stage small companies, has…