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.

SSP notifications temporarily change
SSP notifications temporarily change
9 January 2022

The reporting requirements for statutory sick pay (SSP) have been changed temporarily due to the latest covid situation.

40% of consumers concerned about inheritance tax
40% of consumers concerned about inheritance tax
9 January 2022

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.

Arbitration process for landlords and tenants
Arbitration process for landlords and tenants
9 January 2022

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.

Defaults on business covid loans could reach £22bn
Defaults on business covid loans could reach £22bn
9 January 2022

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.

Government to regulate umbrella companies
Government to regulate umbrella companies
9 January 2022

The government plans to introduce legislation to regulate umbrella companies to protect workers and clamp down on tax avoidance.

HMRC warns on tax avoidance via umbrella companies
HMRC warns on tax avoidance via umbrella companies
9 January 2022

HMRC has updated its guidance for companies using temporary labour to reduce the risk of using an umbrella company that uses tax avoidance schemes.

Individual liability when companies evade tax
Individual liability when companies evade tax
9 January 2022

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.

Small business loan defaults rise substantially
Small business loan defaults rise substantially
9 January 2022

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.

Law to protect pensions from scammers
Law to protect pensions from scammers
9 January 2022

The Department for Work and Pensions (DWP) has published new regulations that will give trustees the power to stop suspicious transfers.

Taxi drivers face tax checks to renew licence
Taxi drivers face tax checks to renew licence
9 January 2022

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.

Cyber security threat to increase
Cyber security threat to increase
9 January 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.

Bank of England raises base rate to 0.25%
Bank of England raises base rate to 0.25%
9 January 2022

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.

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