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

MPs slam slow process for audit overhaul

Scrutiny panel demands urgency to drive through reforms.

MTD for VAT extension set for 2022/23 rollout

Treasury reveals plan to further digitise taxes.

UK debt soars to 99.6% of GDP

Year-on-year borrowing ‘five times higher’ in June.

Watchdog demands overhaul of UK tax breaks

The Public Accounts Committee is calling for a review of ‘expensive’ reliefs.

ONS reports ‘alarming’ slump in self-employed numbers

Freelancers call for improved self-employed support.

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