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

Working pensioners pay £8.6bn in income tax

17% of people work past state pension age.

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Small firms unprepared for disruption

Missed payments and losing key staff among most common threats.

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Retirees take cautious approach to drawdown

Pensioners draw down 31% of wealth on average.

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MTD income tax pilot extends to landlords

Scheme now accepts property income excluding holiday lets.

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‘Raise the VAT threshold to stimulate SME growth’, IPSE says

Response as VAT consultation draws to a close.

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