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

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.

HMRC issues 2019/20 tax returns reminder

45% of self-assessment taxpayers yet to file.

IPSE slams gaps in self-employed support

Latest COVID-19 support 'misses the mark'.

Firms raise concerns over lockdown support

Measures include a one-off grant worth up to £9,000.

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