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

Interest rate increases to 13-year-high

Bank of England announces interest rate rise to tackle cost of living.

SEISS grant recipients may owe HMRC

HMRC is contacting those with reduced grant entitlement.

Retail leaders call for rates reform

Group suggests using online sales tax to fund rate cut.

Insolvencies rise by 39%

Over 2,000 companies filed for insolvency in March.

Venture capital tax breaks to be reviewed

MPs aim to make the UK a pioneer in technology.

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