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

OTS publishes report on tax year end change

New paper stops short of recommending tax year change.

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Business rates threaten 4 out of 5 retailers with closure

Calls for rates reform ahead of Government review.

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Lords committee launches probe into basis period reform

Call for evidence into basis period reform launched.

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Thousands overpay IHT on life insurance policies

£280m may have been paid unnecessarily in 2018/19.

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Widening tax gap casts doubt over MTD

HMRC misses out on £35bn in uncollected taxes.

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