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

It has been accepted that the UK has applied certain aspects of the Tour Operators’ Margin Scheme incorrectly.

The national minimum wage for adults is to rise to £5.80 an hour as from October.

The British economy may have seen the worst of the recession, according to a report from the Organisation for Economic Co-operation and Development (OECD).

Reforms to the pension system, planned for 2012, run the risk of adversely affecting the flexibility of the UK’s labour market, it has been argued.

The amount of government money that goes into funding apprenticeships and training schemes is to be limited following the unprecedented level of take-up among employers.

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