Automatic Exchange of Information agreements are made between the UK and other countries. These agreements allow the exchange of information between tax authorities of different countries about financial…

Last year the requirement to deduct tax at source on bank, building societies and National Savings and Investments (NS&I) income was removed and income from these sources is…

In light of recent tax changes, including the extent to which tax relief is available for finance costs (including mortgage interest), many buy-to-let landlords have been considering what…

Today Parliament dissolves ahead of the General Election announced for June 8th. Last week, due to the need for significant amounts of legislation to go through the parliamentary…

Any company whose employees or directors have acquired shares, options or securities either from the company or from another shareholder of the company must report this through HMRC…

The controversial planned increase in probate fees has been scrapped ahead of the general election. Probate fees, which must be paid by personal representatives of estates in order…

Following the recent merger with Clear & Lane Accountants and New Partner Appointments, Magma is pleased to announce seven wider promotions at managerial level. In the Audit and…

Probate fees, which must be paid by personal representatives of estates in order to obtain a grant of probate, are set to increase significantly from May 2017; moving…

The 2017 Finance Bill was published on Monday 20 March. The Treasury said the bill, which is over 700 pages in length, “continues the Government’s crackdown on tax…