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

Treasury considers recovery loan scheme extension

The renewed scheme could become less generous to firms.

National living wage set for 5.7% rise in 2022/23

Treasury poised to approve LPC recommendation.

Stamp duty land tax reverts back to type

Pre-pandemic regime is back in place.

R&D spending hits £47.5bn in 2019/20

Expenditure on R&D as percentage of GDP trails behind target.

Hospitality and tourism VAT rises to 12.5%

Trade bodies demand temporary rate be made permanent.

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