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.
60% of world population use mobile wallet
9 January 2022
The number of mobile wallets in use is on track to reach 4.8bn by 2025, up from 2.8bn in 2020, with nearly 60% of the world’s population using digital payments, according to Capgemini’s 2022 Top Trends in Payments report.
A third of UK small businesses highly indebted
9 January 2022
According to the Bank of England, a third of UK SMEs are in more than twice as much debt as before the Covid-19 pandemic.
Government rejects plans to reform CGT
9 January 2022
The Treasury has rejected plans proposed by the Office of Tax Simplification (OTS) to overhaul inheritance tax but has made a few concessions on capital gains tax to simplify the complex rules.
Fraud in a pandemic: the perfect storm?
9 January 2022
The sheer scale of fraud committed during the pandemic was exacerbated by the limited level of checks when claims were made for covid grants. Kate Gee, counsel at specialist disputes firm Signature Litigation, examines the scale of the issue.
HMRC paid £2m to tax informants
9 January 2022
Over the last five years, HMRC has paid out nearly £2m to informants who reported incidents of tax-dodging to the tax authority.
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.
Tax rises will wipe out wage inflation
9 January 2022
Salaries are rising at the fastest rate in 24 years, but wage inflation could lead to millions being less well-off as tax burden grows, warns Blick Rothenberg.
A minority of businesses plan to cut emissions
9 January 2022
Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net-zero efforts, according to the latest research.
Crypto traders should write a Will to avoid IHT
9 January 2022
Investing in cryptoassets is a risky business if investors do not write in protection to their will as tax bills could quickly mount.
Multigenerational wealth and tax considerations
9 January 2022
Charlotte Murtagh, head of private office at ZEDRA, provides tips to ensure wealth stays within the family and issues to consider around the business, taxes, profits as well as estate and inheritance fees to avoid unwelcome surprises.
Companies House updates penalty guidance for Covid
9 January 2022
Companies House has advised businesses that there is a delay to penalty reviews at the moment due to workload.
