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

Adults ‘overestimate retirement discounts’

Planning your retirement? Many adults may be overestimating the perks they receive to make their retirement more affordable.

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Wales to receive income tax powers in 2019

Devolution deal to hand taxation powers to Welsh Assembly in 2 years.

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Customers urged to renew tax credits

If you haven't done so already, you need to renew your tax credits by 31 July 2017 or risk having payments stopped.

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UK inflation drops to 2.6%

The rate of inflation fell unexpectedly to 2.6% in June, down from 2.9% in May 2017.

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Government raises state pension age

People born between 6 April 1970 and 5 April 1978 will have to work an extra year.

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