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

The economy may be emerging from the depths of the recession but firms will still encounter difficulties on the road to recovery, the British Chambers of Commerce (BCC) has said.

HM Revenue and Customs (HMRC) has announced that, as from 8 July, there has been a change to the bank account details for paying VAT.

There has been a significant rise in the value of trade insurance claims compared with a year ago.

A measure limiting how much tax relief people can claim on their pension contributions has been changed by the government.

A radical alternative to laying off staff could see workers, whose firms are suffering a fall in demand, paid to remain at home.

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