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The latest tax, employment, business and economic news affecting businesses and individuals alike. Updated daily.

Economic decline now at 'unprecedented rate', says BCC

13 Jan 09

The UK economy is slowing down at a profoundly disturbing rate, the British Chambers of Commerce (BCC) has said after publishing the results of its latest quarterly survey

Business rates hike should be dropped

12 Jan 09

The government has been urged to reconsider plans to raise the amount of tax that retailers pay on their properties.

Tax payments by direct debit

12 Jan 09

HM Revenue and Customs (HMRC) has said that more taxpayers now have the option to meet their bills by direct debit.

Mixed business response to latest interest rates cut

09 Jan 09

The Bank of England’s decision to reduce interest rates to 1.5 per cent means that the official cost of borrowing is now at its lowest in its 315-year history.

Companies face increase in late filing penalties

09 Jan 09

Companies that are late in submitting their annual accounts to Companies House will have to pay more in penalties.