The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
21 May 12
The average standard VAT rates in the European Union's 27 countries have risen dramatically since 2008, a new report into taxation trends by the European Commission has found.
21 May 12
A new single income tax rate of 30 per cent should replace and abolish eight different taxes, a report by a Government think tank has said.
18 May 12
MPs have criticised the length of apprenticeship programmes after a report found a fifth of apprenticeships lasted for six months or less.
18 May 12
Prime Minister David Cameron has said the Government will refuse to back down on deficit reduction plans and pledged to boost credit for businesses and households, in a speech made yesterday on the UK's economy.
17 May 12
Companies failing to communicate with employees about their remuneration package, including salaries and benefits, are 'wasting' their money and failing to reap the benefits, research carried out by the Chartered Institute of Personnel and Development (CIPD) has claimed.
