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Businesses that believe they will make a trading loss in the current tax year can ask HM Revenue and Customs (HMRC) to take the anticipated loss into account as part of any rescheduling of their corporation tax or income tax payments.

After months of poor savings account interest rates, investors may be about to reap the rewards of better returns on their money.

Over half of employers are intending to freeze wages this year, and 12 per cent are planning to introduce wage cuts, according to a new survey.

It could take the length of “two parliaments of pain” before the economy recovers, a thin-tank has claimed.

A detail in the Budget announcement has revealed that people who earn more than £150,000 a year will have to pay tax on the contributions that their employers make to their company pension schemes.

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