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

Businesses are unhappy over government plans to stick to its original timetable on the return to the old standard rate of VAT.

Scams in which criminals take control of someone else’s bank account or credit card are on the increase, the UK’s fraud prevention service has said.

Tax laws need to be reformed so that they are open, transparent and pose less of a burden to smaller businesses and entrepreneurs.

The cost of running a small business has fallen for the second successive quarter.

Firms have delayed paying £1 billion of VAT after reaching agreements with HM Revenue and Customs (HMRC) under the Business Payment Support Service.

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