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

HMRC publishes penalties for not paying deferred VAT

Businesses can still make arrangements to avoid penalties.

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Government gives tax holiday for veteran employees

It aims to help struggling veterans find work.

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Exports to EU recover after January slump

Trade was driven by non-perishables in February.

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ONS figures show 0.4% growth in February

GDP remained below February 2020 levels, however.

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Outdoor hospitality and non-essential retail reopen

Consumer confidence rebounds as lockdown measures ease.

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