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

Job vacancies are falling at a record rate, a new report has found.

Taxpayers and businesses need to be aware that a new regime on how tax compliance checks are carried out will soon be in force, HM Revenue and Customs (HMRC) has warned.

The British Chambers of Commerce (BCC) has published its strategy for helping businesses recover from the recession.

Firms with 50 or more staff have been urged to get ready for important changes to the PAYE system that are due to come into effect this April.

The government is being urged to set up a wage subsidy scheme in order to help hard-pressed employers weather the economic downturn.

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