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.
UK spending drops as inflation hits
9 May 2022
The volume of retail sales in the UK dropped by 1.4% in March which is the second consecutive monthly decline with the blame placed on rising inflation.
39% rise in company insolvencies in one month
9 May 2022
The UK saw 2,114 company insolvencies in March 2022 which is a 39% increase from February.
Government fraud taskforce launched
9 May 2022
A public sector fraud taskforce that features an ‘elite team of experts’ has been launched by the Chancellor.
Tax planning for ‘mixed domicile’ marriages
9 May 2022
Opting for non-dom status brings tax advantages but what are the implications for mixed domicile marriages where one partner is liable for UK tax?
New tax year: how it affects your finances
5 May 2022
The new tax year started on 6 April with a number of tax changes that will affect personal finances. The 10 key changes are outlined below.
Economic Crime Act creates property register
5 May 2022
New rules will create a register of overseas owners of UK property to improve transparency and highlight potential risks of money laundering.
Benchmark interest rate hits 1%
5 May 2022
The Bank of England has raised the interest rate by 0.25% to 1%, marking the highest rate for 13 years.
Treasury to regulate cryptocurrency stablecoins
5 May 2022
The government plans to regulate stablecoins cryptocurrency as part of a wider aim to make the UK a hub for digital payment companies.
National Living Wage increases to £9.50
5 May 2022
The National Living Wage and National Minimum Wage rise came into effect on 1 April.
Enterprise investment schemes: tax breaks
5 May 2022
Since 1994, enterprise investment schemes (EIS) have been an important tool in the investors’ kit, but many potential investors worry that EIS-eligible businesses are too high risk.
Tax cuts worth up to £1,000 for small businesses
5 May 2022
Nearly half a million UK businesses will benefit from a tax cut worth up to £1,000 from 6 April 2022.
Tax free pension contributions
5 May 2022
Four in 10 taxpayers do not know that pension contributions automatically receive 25% tax relief despite an annual bill of over £42bn to pay for the tax break.
