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

ONS reports ‘alarming’ slump in self-employed numbers

Freelancers call for improved self-employed support.

Sunak calls for capital gains tax review

Chancellor wants to ensure the system is fit for purpose.

VAT cut kicks in for certain sectors

Standard rate temporarily falls from 20% to 5%.

UK economy slumps 19.1% in lockdown

Figures dispel hopes of a V-shaped recovery.

UK tax gap drops to record low

More than 95% of tax owed in 2018/19 was collected.

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