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

Changes in Intrastat from 1 January 2009

Business which move goods between the UK and other EU Member States are required to submit supplementary declarations for statistical purposes under the Intrastat regime.

Sharp rise in small businesses contemplating staff layoffs

There has been a significant increase in the numbers of small firms that are looking at redundancies as a way of saving costs during the recession.

HMRC issues penalty warning on employer annual returns

Employers are being advised that, as from 26 January, HM Revenue and Customs is sending out penalty notices to those firms that have yet to file their 2007/08 employer’s annual return.

Automatic business rate relief ruled out

Providing small businesses with automatic rate relief is not a practical option, the government has said.

Recommendation on new minimum wage delayed

The government has accepted a request from the Low Pay Commission to delay an announcement of its recommendations on this year’s rise in the national minimum wage.

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