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

With new figures officially confirming that the UK economy is in recession, analysts and business owners are predicting a long haul to recovery.

Businesses are being reminded that the penalties for breaking workplace health and safety laws have increased following the introduction of the Health and Safety Offences Act 2008.

HM Revenue and Customs has announced that, as from 27 January, the rate of interest to be paid on money owing to taxpayers falls to 0 per cent.

Effective ways of giving to charities

The European Court of Justice (ECJ) has ruled that employees who have been on long-term sick leave can take all the paid annual holiday they have accumulated while off work.

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