More recent posts
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High value UK residential property – tax changes
6 August 2012 The Government has set out its objective of ensuring that, in its view, high value residential property transactions are taxed fairly. The result is new…
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Britons pay £billions in unnecessary tax
According to a report published by website unbiased.co.uk, as much as £12.6 billion of unnecessary tax will be paid this year. They estimate that this is equivalent to…
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Universal credit proposal – issues for the self employed
Government proposals for a universal credit to replace the tax credits system would, as currently drafted, have a severe impact on the self employed. The Chartered Institute of…
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Succession Planning – VIAMBOs
26 July 2012 Looking to sell your business in the future or have struggled to do so, why not consider a VIAMBO? It is an…
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Patent Box regime – An Introduction
26 July 2012 The Patent Box is part of the Government’s corporation tax (“CT”) reform and growth agenda. The aim of the Patent Box is to provide an…
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£300million of pension tax relief goes unclaimed
According to research by Prudential, nearly 60% of higher rate taxpayers fail to claim full income tax relief on their pension contributions. Based on a survey, the unclaimed…
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Seed Enterprise Investment Scheme – An Introduction
9 July 2012 The Seed Enterprise Investment Scheme (“SEIS”) has been introduced as part of Finance Bill 2012. The SEIS is a new scheme offering significant tax incentives…
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Magma Chartered Accountants shares in award for ‘Deal of the Year’
Magma Chartered Accountants has shared in the award for ‘Deal of the Year’ at Insider’s South West Dealmakers Awards 2012. The ‘Deal of the Year’ winner was a…
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Budget 2012 – The not so secret Budget
22 March 2012 With a number of major changes already announced (and with any further possible contention given a last minute public airing!), George Osborne’s promised “far reaching…