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

Grants for English firms closed by local lockdowns

Larger businesses will receive £1,500 every three weeks.

HMRC reveals up to £3.5bn furlough claims paid in error

Around £1.75 billion and £3.5 billion could have been wrongly paid out.

HMRC announces changes to VAT on early contract terminations

Most early cancellation fees are liable for VAT.

House purchases plummet in Q2 2020

Fewer than a million customers now on a payment deferral.

Low deposit mortgage deals fall amid pandemic

In September mortgage deals fell 26.7%.

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