Aga Khan Economic Planning Board
The Economic Planning Board (EPB) is a volunteer organisation under the Ismaili Council for the United Kingdom (UK). It was established to keep the economic status of the Jamat under review. It aims to improve the economic well-being of the Jamat via case management and support in the areas of employment and personal finance. The EPB has also launched a number of business alliances in industries from hospitality to pharmaceuticals.
Buy to let landlords are being contacted by HMRC in its latest nudge campaign, which identifies people who may not be declaring their full rental income.
Employees will see a cut in their National Insurance contributions this month following the reversal of the rise in National Insurance announced in April.
We have reached a point in time where inflation is high, interest rates are relatively low (although rising), and generous occupational pensions are a thing of the past.
The Department for Work and Pensions (DWP) overpaid £8.6bn across benefits in 2021-22, with £6.5bn of that figure due to fraud.
More than half of landlords are not aware of the new rules under Making Tax Digital for Income Tax which will require quarterly reporting on property income.
Over 8 million households are set to receive an additional £324 as part of the government’s Cost of Living support package.
The Chancellor announced his Autumn Statement, aiming to restore stability to the economy, protect high-quality public services and build long-term prosperity for the United Kingdom.
Following UK Chancellor’s recent announcements as part of the Government’s ‘Growth Plan’, we outline below key tax-related announcements for guidance purposes:
The Bank of England has raised interest rates by a further 0.5% to 2.25%, rejecting calls for a 0.75% rise supported by some members of the monetary policy committee.
Businesses will be given financial support for six months to cover up to 50% of their energy bills in the latest move by government to mitigate soaring energy costs.
The government will freeze the energy cap at £2,500 and promises equivalent support for businesses, charities and public sector although no detail is available as yet.