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 UK saw 2,114 company insolvencies in March 2022 which is a 39% increase from February.
HMRC contacted less than 1% of UK cryptocurrency investors about their potential capital gains tax liability last year.
The freeze in income tax thresholds and rising inflation means that the Treasury will bring in £12.5bn more in tax than predicted at the last Budget.
New powers granted to the Insolvency Service to tackle director fraud must be used with care to prevent a culture of fear around the insolvency process, argues Rachel Lai, insolvency director at Menzies LLP.
EY plans to double the number of UK consultants to 10,000 by 2026 with a plan to hire 5,000 more.
The government has set up an arbitration system to help resolve outstanding commercial rent debts as the general moratorium on commercial evictions during the pandemic ends
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.
New rules will create a register of overseas owners of UK property to improve transparency and highlight potential risks of money laundering.
The Bank of England has raised the interest rate by 0.25% to 1%, marking the highest rate for 13 years.
The government plans to regulate stablecoins cryptocurrency as part of a wider aim to make the UK a hub for digital payment companies.
The National Living Wage and National Minimum Wage rise came into effect on 1 April.