The EIS (Enterprise Investment Scheme) is designed to encourage investment into UK businesses and it is one of the only Government-backed tax incentive schemes open to SMEs and…

A PILON is a payment made to an employee when their employment is terminated without notice (ie in lieu of the employee working through a notice period and…

The minimum auto enrolment pension contributions are set to increase this April, and again in April 2019. The minimum contribution will increase from 2% to 5%. Employers must…

The National Living Wage and Minimum wage will change on 1 April when new rules announced in 2017 come into effect. 1 April will also see an increase…

Contractors carrying out the renovation of dwellings that have been empty for two years or more can still apply the VAT reduced rate of 5%.  Although this has…

A bus company and its managing director will have to pay more than £60,000 after they admitted trying to avoid giving their staff workplace pensions. This is understood…

  According to HMRC, a record 10.7 million taxpayers submitted their tax returns before the 31 January deadline; however, over 758,000 people cut it fine, leaving it to…

Every year, shortly after the 31 January personal tax return filing deadline, the HMRC “late filing penalty” launch begins. Some are valid, many are not, but nearly all…

Magma Corporate Finance are extremely pleased to have completed four deals in the last quarter of 2017, consisting of two trade sales, a private equity backed management buy-out…