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Business news

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

Firms call for urgent action to reduce unemployment

27 Jan 21

Unemployment increased to 5% in the three months to November 2020.

HMRC waives penalties for late-filed tax returns

26 Jan 21

Fines to kick in after 28 February 2021.

Nine million people increased borrowing in 2020

25 Jan 21

The proportion of borrowing £1,000 or more increased to 45%.

Millions to face fines if self-assessment tax return deadline missed

22 Jan 21

Taxpayers could face fines totalling to £250 million.

Big businesses to reduce payment times to small suppliers

21 Jan 21

50,000 small firms close every year due to late payments.

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