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

The vast majority of employers filed their annual returns online this year, HM Revenue and Customs (HMRC) has said.

The CBI has urged a change to the pension system in order to allow businesses extra breathing space in which to make good the shortfalls in their final salary schemes.

Laws that allow employers to oblige employees to retire at 65 should be scrapped.

Lending to both large and small firms remains weak, the Bank of England has said.

Figures have been released showing that the IR35 tax regulations are producing an average of just £1.5 million a year in tax revenues.

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