More recent posts
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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 Avoidance: Follower Notices and Accelerated Payment Notices
In January 2014 HM Revenue and Customs (“HMRC”) published a consultation document titled “Tackling marketed tax avoidance” which set out Government proposals to change the economic incentives of…
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HMRC taskforce to target hidden wealth in South East
HMRC have recently launched a taskforce to target hidden wealth in South Buckinghamshire, Berkshire, Dorset, Hampshire, Isle of Wight, Kent, Surrey, Sussex and Wiltshire. Attention will be focused…
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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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Autumn Statement 2013 – Predictions
On Thursday 5th December 2013, the Chancellor will deliver his Autumn Statement. The following week the government will publish draft legislation for what will form much of Finance…
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High income parents have less than a month left to register for Self Assessment
Many parents who stopped receiving Child Benefit payments after 7 January 2013, or who are continuing to receive Child Benefit with income over £50,000, still need to register…
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Offshore trusts face HMRC scrutiny
Offshore trusts are coming under increased HMRC scrutiny. This increased activity follows recent announcements that overseas territories including Jersey, Guernsey and the Isle of Man have agreed to…
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Pensions tax relief – Individual Protection from the Lifetime Allowance charge
The Government announced on 5 December 2012 that in order to support its objective of a system of pensions tax relief that is “fair, affordable and sustainable”, from…