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

Sick notes to be replaced with 'fit notes'

28 May 09

The government has unveiled the introduction of a new ‘fit note’ scheme aimed at encouraging employees to stay in work rather than join the long-term sick.

Skills funding described as 'untenable'

28 May 09

Government plans for funding workplace skills programmes need urgent clarification, a leading business organisation has said.

HMRC turns to agencies on late payments

27 May 09

HM Revenue and Customs (HMRC) is to run a six-month trial using debt collection agencies to chase late tax payments.

Online filing boost for employers’ returns

27 May 09

The vast majority of employers filed their annual returns online this year, HM Revenue and Customs (HMRC) has said.

Firms need extra time to deal with pension deficits

26 May 09

The CBI has urged a change to the pension system in order to allow businesses extra breathing space in which to make good the shortfalls in their final salary schemes.