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

Wealth from additional property ownership soars

More than 11% of adults in the UK have a second home.

HMRC issues new VAT reverse charge guidance

Domestic reverse charge to take effect from 1 October.

Retirees to outlive savings by 10 years

Savers need long-term mindset, report says.

NAO: Most buyers did not need help-to-buy equity loan

31% households could have purchased a property they wanted.

1 in 3 self-assessment taxpayers under-pay

Thinktank says targeted audits would bring in missing revenue.

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