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

HMRC approves first MTD for income tax software

Five products get the thumbs up, three more in development.

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Fall in inflation points towards interest rate cut

December CPI rate slumps to lowest since November 2016.

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Over-55s reveal target for retirement

More than £100,000 needed for a comfortable retirement.

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Pension tax report due imminently

Government vows to fix the taper issue for doctors.

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Retailers suffer ‘worst year on record’

Annual year-on-year sales decline by 0.1%.

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