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

Government U-turns on windfall tax for energy companies

25% tax on excess profits announced for energy companies.

Retail sales volume rose in April 2022

Sales volumes in three months to April continue to drop.

4 in 5 employers ‘negatively impacted’ by NICs rise

BCC reports increased staffing costs and decreased investment.

HMRC suspends payment of some R&D tax credits

Delays expected as HMRC clamps down on abuse.

Experts call for rethink of online sales tax

Critics doubt tax would effectively address business rates balance.

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