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

Retail sales figures improved in June 2021

The proportion of retail sales fell in the same period.

Almost a third of audits need improving according to annual AQR

The ICAEW criticised the way the AQR is managed.

Hospitality sees promising recovery in spring

Business confidence in the sector remains low, however.

Monthly borrowing figures start to climb down

Borrowing in June 2021 was the second highest on record.

Simplified tax reporting for self-employed announced

A fifth of self-employed people will face extra one-off costs.

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