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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.

Tax investigations net HMRC £13.14bn

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

Javid rules out stamp duty shift

New chancellor dismisses buyer to seller speculation.

Small employers risk losing the employment allowance in 2020

Businesses could exceed limit for state aid under rule changes.

Number of state pension recipients falls by 120,000

Decrease caused by changes to the state pension age.

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