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

Almost one out of five firms have at some point unknowingly breached the Data Protection Act, according to new research.

A new survey has revealed that for many firms delays in invoice settlement are on the increase, while the reduction of the VAT rate has not been effective in tackling the downturn in business.

Increasing numbers of businesses are planning to scrutinise employee expense claims more closely in the future.

The UK’s smallest businesses are losing out on government-backed training schemes and should have a dedicated skills body that more effectively represents their needs.

The cumulative cost to Europe’s businesses of the various regulations and rules with which they must comply amounts to €1 trillion over the past 11 years, it has been claimed.

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