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

The European Commission has put forward plans exempting small companies from having to file audit reports with national authorities.

The freedom of banks to charge heavy fees on unauthorised overdrafts could soon be at an end after the High Court ruled that the Office of Fair Trading (OFT) has jurisdiction to investigate the charges

The Treasury has announced another reduction in the bonus rates for the Save As You Earn (SAYE) sharesave scheme.

The imposition of a cap on the number of defaults could be affecting the success and availability of a government loan guarantee scheme set up to help small businesses.

It has been predicted that savers could soon be seeing much improved rates of interest.

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