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

Tax receipts increased by 4.8% in 2018/19

Almost £623 billion was collected last year.

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Over-60s earnings income on the rise

Employment rates for older individuals ‘likely to continue rising’.

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Tax gap rises to £35 billion

‘Failure to take reasonable care’ is the biggest factor in unpaid tax.

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New measures to prevent late payments

Large businesses could be fined for poor payment practices.

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HMRC error affects payments on account

Taxpayers could receive much larger bill in January 2020.

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