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

The CBI has called on the government not to consider axing the research and development tax credit scheme as a way of saving money.

An advertising campaign has been launched to promote the various government-funded packages available to small firms in order to help them cope with the recession.

Changes to EC Sales Lists, proposed from 1 January 2010, have now been crystallised following the EU Council’s adoption of Directive 2008/117/EC and Regulation (37/2009) on 16 December 2008.

The economic downturn has seen a rise in the number of insurance claims made by SMEs facing legal action from employees who are citing unfair dismissal.

The government has unveiled details of plans designed to provide SMEs with easier access to credit and to help with the cash flow problems afflicting many firms as the economic downturn deepens. The support package will see the government guaranteeing up to 50 per cent of some £20 billion worth of bank loans to small businesses.

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