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

120k firms miss MTD for VAT deadline

HMRC waives fines for non-compliance.

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Tax investigations net HMRC £13.14bn

Record yield of £627.9bn tax revenue collected in 2018/19.

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Javid rules out stamp duty shift

New chancellor dismisses buyer to seller speculation.

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Small employers risk losing the employment allowance in 2020

Businesses could exceed limit for state aid under rule changes.

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Number of state pension recipients falls by 120,000

Decrease caused by changes to the state pension age.

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