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

£69.1 million spread through Time to Pay scheme

Over 25,000 self-assessment taxpayers have set up online payment plans.

DWP bans flat fees for small pension pots

Charge cap will remain unchanged at 0.75%.

ICAEW calls for further guidance on CIS changes

Changes are set to take effect from April 2021.

COVID-19 deemed ‘reasonable excuse’ for late filing

HMRC said the decision is not a blanket waiving of penalties.

250,000 small business ‘set to fold’

14% expect to reduce headcount in the next three months.

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