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.
The very low limit on the money purchase annual allowance (MPAA) means that many pension savers are at risk of receiving unwanted tax bills by overpaying into their pensions, warns Aegon.
The government plans to overhaul tipping practices, helping around 2 million people top up their income by ensuring all tips are given to staff rather than retained by business owners.
The Chancellor has confirmed that government spending plans will be outlined at the Spending Review on 27 October alongside an Autumn Budget.
Ireland’s 12.5% corporate tax rate is to be increased to 15%, finance minister Paschal Donohoe has confirmed.
Businesses are facing an increased risk of being exposed to heavy fines for unintentional national minimum wage breaches warns Grant Thornton UK.
Starting salaries, permanent staff appointments and temporary billings have all risen to near-record rates, according to the latest KPMG and Recruitment and Employment Confederation (REC) UK report.
The government has confirmed that the state pension will rise by 2.5% from April 2022, breaking the pension lock as a result of the impact of the pandemic.
The introduction of a wealth tax could raise a staggering £260bn if a threshold of £500,000 was selected, but valuing assets could be challenging.
HMRC is urging young people to check if they have a surprise savings pot in the shape of a Child Trust Fund (CTF), the government savings scheme for children.
PwC chair Kevin Ellis stresses that the socio-economic gap will only close in accountancy if young people especially from lower socio-economic backgrounds head back into the office.
HMRC has collected more than £6bn in inheritance tax (IHT) in the past 12 months, the highest figure ever.
The number of non-domiciled taxpayers is stabilising after the significant reforms introduced in 2017. Tim Crook, head of tax at Gherson solicitors, considers the pros and cons.