More recent posts
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Magma Corporate Finance advises Rayburn Tours on their acquisition of Sports Tours
Magma Corporate Finance are pleased to have advised Rayburn Tours on their acquisition of Sports Tours, a leading provider of sports tours and tournament festivals throughout the UK…
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Promotions at Magma
In conjunction with continued business growth, we are delighted to announce a number of promotions. Congratulations to Shafwaan Bheda (“Shaf”), who has been promoted to Senior Manager in…
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It is important to register for child benefit even if the High-Income Child Benefit Charge applies
Parents affected by the High-Income Child Benefit Charge (HICBC) can be forgiven for thinking that there is no point in registering for child benefit if they may have…
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Late filing penalties
HM Revenue & Customs (HMRC) has notified the Tax Faculty that it has started to issue the £100 late filing penalties for 2017/18 self assessment returns that were…
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TV presenter Lorraine Kelly has won an appeal at a First Tier Tribunal when the judge ruled that she is a theatrical artist
The breakfast TV presenter Lorraine Kelly has won an appeal at a First Tier Tribunal (FTT) over a £1.2m demand for unpaid income tax and National Insurance contributions…
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Payroll changes effective from April 2019
There are a number of payroll changes coming into effect from April 2019 that employers need to be aware of. All personal employee data must be stored and…
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Spring Statement 2019 – Tax Update
With Brexit continuing to dominate the headlines, the Chancellor’s Spring Statement arrived under quieter fanfare this year. Keeping to the brief of only having one major fiscal event…
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Making Tax Digital is mandatory from 1 April 2019 – are you ready?
As reported previously, from 1 April 2019 Making Tax Digital (MTD) will be compulsory for VAT-registered businesses with a turnover above the current VAT registration threshold of £85,000.…
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Corporation Tax Planning
The main rate of corporation tax is set to reduce from 19% to 17% from 1 April 2020. At the same time the availability of the 100% annual…