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

A think tank has argued that the new 50p tax rate could be damaging to the UK’s economy.

The government’s targets for future broadband speeds lack ambition and will not benefit businesses, it has been claimed.

HM Revenue and Customs (HMRC) has issued new draft regulations on the online filing of corporation tax.

Many firms are still experiencing the effects of the credit crunch, with business lending suffering its biggest drop in nine years.

An increase in tax incentives would act as a spur to business angels who are thinking of investing in start-up businesses, it has been claimed.

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