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

    • New minimum wages rates

      The national minimum wage hourly rate for adults is to climb to £6.08 in October 2011.

    • Regulation date nearing

      Each year, the government introduces regulatory changes affecting businesses on two common commencement dates. These dates are 6 April and 1 October.

    • Budget 2011: first the cuts, now the growth plan

      Last year’s Budget, coupled with the Comprehensive Spending Review, was intended to get most of the unpleasant news out of the way – large spending cuts – in the Government’s efforts to tackle the public finance deficit.

      Now comes what may be the harder part: encouraging sufficient private sector growth both to boost the tax take and to compensate for the inevitable slide in public sector employment.

    • New advisory fuel rates

      HM Revenue and Customs (HMRC) has published new advisory fuel rates for company cars.

    • PAYE consultation date looming

      Employers have little time remaining in which to share their views with HM Revenue and Customs (HMRC) on possible changes to the PAYE system.

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