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.
Tax loophole on second homes closed
3 March 2022
Owners of second homes who report them as holiday lets will now have to prove it in order to not pay council tax and access business rates relief.
£350 support to help with rising energy bills
3 March 2022
The Chancellor has set out a £9.1bn plan to support individuals with soaring energy costs including a discount on council tax and a loan to cover some of the price rise.
Inflation and its risks
3 March 2022
In the UK, inflation jumped to 5.4 per cent in December, its highest rate in 30 years, deepening a cost-of-living crisis that is squeezing household incomes and putting more pressure on the Bank of England (BoE) to raise interest rates. The Federal Reserve (central bank in the US) is also under pressure to raise interest rates sooner or at a faster pace to tame persistently high inflation (the core consumer price index currently hovering at 7.0 per cent).
Brexit custom delays hit manufacturers
23 January 2022
One year since leaving the EU, two-thirds of manufacturing companies have reported that Brexit has moderately or significantly hampered their business, however optimism for growth has risen.
Are you tax resident in Spain?
23 January 2022
Now that the UK has left the EU, UK residents living and working temporarily in Spain need to ensure they avoid double taxation and complete their self-assessment returns correctly. Barrister Leon Fernando Del Canto explains.
Tax loophole on second homes closed
23 January 2022
Owners of second homes who report them as holiday lets will now have to prove it in order to not pay council tax and access business rates relief.
Filing deadlines: January – March 2022
13 January 2022
In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from payment dates for corporation tax instalments to deadlines for amending personal, trustee and partnership tax returns.
Potential tax debt liability for directors
13 January 2022
Under powers set out in Finance Act 2020, directors of insolvent companies could find themselves liable for accumulated tax debts for up to five years.
£6k business grants for Covid support released
13 January 2022
Businesses can now apply for a financial grant worth up to £6,000 from the £635m support package given to local councils to support those most affected by the Omicron variant of Covid-19.
HMRC fraud squad recovers £1bn from tax evaders
13 January 2022
HMRC's Fraud Investigation Service has recovered more than £1bn from the proceeds of crime and tax offenders since the formation of a specialist fraud squad five years ago.
Planning and paying for inheritance tax
9 January 2022
As inheritance tax take increases by a third, it is time to think about more efficient wealth and tax planning, and practical solutions to protect your wealth, explain Simon Dawson, chief commercial officer, Legacy Release, and Imogen Lea, tax and trust consultant, Wilsons Solicitors LLP.
HMRC warns taxpayers about self-assessment scams
9 January 2022
As HMRC prepares to send emails and text reminders to self-assessment taxpayers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year.
