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

Retail sales bounce back 13.9% in June

Statistics show ‘mixed picture' across store types.

MPs slam slow process for audit overhaul

Scrutiny panel demands urgency to drive through reforms.

MTD for VAT extension set for 2022/23 rollout

Treasury reveals plan to further digitise taxes.

UK debt soars to 99.6% of GDP

Year-on-year borrowing ‘five times higher’ in June.

Watchdog demands overhaul of UK tax breaks

The Public Accounts Committee is calling for a review of ‘expensive’ reliefs.

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