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

Rules that allow owners who rent out holiday homes to set trading losses against their tax bills are to be dropped from April 2010.

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The government has introduced its trade credit insurance scheme in the hope that it will ease cashflow problems for firms.

Once profitable businesses that are now suffering losses as a result of the recession were offered some relief in the Chancellor’s Budget.

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