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.
Inheritance tax remains an area of concern for 40% of people, who say they are concerned about paying the death tax, while the majority (70%) are doing nothing to reduce a potential bill.
The government has introduced a Bill into parliament proposing a new binding arbitration process to help landlords and business tenants find proportionate resolution of Covid-19 related rent debt.
Almost a third of coronavirus business interruption loan scheme (CBILS) and bounce back loan scheme (BBLS) loans, amounting to £22bn, will go into default, claims ACP Altenburg Advisory.
The government plans to introduce legislation to regulate umbrella companies to protect workers and clamp down on tax avoidance.
HMRC has updated its guidance for companies using temporary labour to reduce the risk of using an umbrella company that uses tax avoidance schemes.
HMRC has issued guidance on what action to take if a taxpayer has been sent a notice stating that they may be jointly and severally liable for the relevant tax liability of a company that has been involved in tax avoidance or evasion.
The Bank of England Credit Conditions Survey shows that the majority of banks, 44% reported an increase in loan defaults by small companies in Q3 of this year.
The Department for Work and Pensions (DWP) has published new regulations that will give trustees the power to stop suspicious transfers.
Changes to the licensing rules for taxi drivers will add a requirement to check their tax compliance before issuing new licenses in a bid to tackle tax evasion from 2022.
Two thirds (66%) of UK business leaders expect the threat from cyber criminals to increase over the next 12 months, according to the latest PwC cyber security survey.
The Bank of England has raised the bank base rate for the first time in three years to 0.25%, despite concerns over omicron variant.
For non doms it is important to consider the levels of the remittance basis charge and when the application of the deemed domicile rules means that a claim for the remittance basis is no longer possible, warn tax advisers.