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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

Large businesses penalised for late payments

18 companies suspended from the prompt payment code.

3 in 4 firms support auto-enrolment extension

Businesses say higher contributions will be needed in the future.

OBR: no-deal Brexit could cost £30bn in public borrowing

Businesses urged to make contingency plans.

Firms set for first quarterly VAT returns through MTD

HMRC urges businesses to sign up before 7 August.

More over-65s pay additional-rate income tax

37,000 people paid tax at 45% in 2018/19.

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