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

Businesses have backed the Prompt Payment Code to support SMEs who are dealing with overdue payments.

The Chartered Institute of Taxation wants a limited number of defaults before incurring a late payment penalty under Making Tax Digital.

Self-employed people would prefer to receive sick pay over any other statutory benefit.

The deadline to report your business' benefits and expenses for the previous tax year is 6 July 2017.

70% of under-30s are not saving enough to reach their ideal retirement income.

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