If you are a trustee of a non-taxable trust – and are yet to register for the Trust Registration Service (TRS) – you now have until summer 2022…

Despite topicality, there are still many businesses undertaking qualifying R&D activities that fail to make incentive claims to reduce corporation tax. Could this apply to your business? What…

With the consequences of the COVID-19 pandemic still pertinent across so many industries, business owners may find it more valuable than ever to focus on their core business…

Flexmort – the market leader in flexible mortuary cooling solutions – has been acquired by a group of investors led by Noar, Limited (“Noar”). The business was founded…

An extension to the trading loss carry-back rule and the super-deduction tax break illustrate the government’s push to stimulate business investment Trading loss carry-back rule extension The Chancellor…

With capital gains tax having escaped the Chancellor’s tax hike list, likely only for now, many private business owners are actively considering options for business succession in the…

The Treasury is holding a ‘tax day’ three weeks after the Budget, providing key insight into the government’s long-term tax strategy. Background The Treasury said it will publish…

Magma are pleased to have supported Aerocom (UK) in their successful transition, in the form of a Management Buy-Out. Aerocom (UK) Ltd, the pneumatic tube systems and air…

45 months is now the average amount of time that HMRC’s enquiries into big businesses’ tax affairs have now been open. The delays, which have increased from 43…