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

Businesses that delayed settling their tax bills under a scheme introduced by the government to help those struggling in the economic downturn are paying back the much of the money owed.

The UK’s major banks could be faced with a competition enquiry if they do not step up the level of lending to SMEs and reduce its cost.

Savers will get better protection in the event of their bank or building society collapsing.

The confusion and uncertainty that many smaller businesses experience when it comes to complying with health and safety rules could be costing millions each year.

Charities are all set to benefit from a tax break on any donation made by text message.

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