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

Small business lending needs greater 'scrutiny'

The government has been urged to clarify the levels of lending that banks are making to small businesses.

Chance to file earlier self assessment returns online

HM Revenue and Customs (HMRC) has announced that, as from 6 April 2009, it is possible to submit self assessment tax returns online that cover earlier years.

VAT cut has 'boosted' spending

Last December’s reduction in VAT from 17.5 per cent to 15 per cent has had a measurable effect on consumer spending, a think tank has claimed.

Call for SME asset finance tax support

The Chancellor should use the Budget to provide small firms with greater scope for offsetting profits against money spent on equipment.

Business group urges automatic rates relief

The Federation of Small Businesses (FSB) has called on the government to make the rates relief to which small firms are entitled automatic.

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