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.

Over-60s earnings income on the rise

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

Tax gap rises to £35 billion

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

New measures to prevent late payments

Large businesses could be fined for poor payment practices.

HMRC error affects payments on account

Taxpayers could receive much larger bill in January 2020.

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