Public sector borrowing dropped back last month, aided in part by the additional tax revenues generated by the rise in VAT.

HM Revenue and Customs (HMRC) has announced that it intends to target more groups of workers in its efforts to recoup unpaid taxes.

HM Revenue and Customs (HMRC) has said that it will be launching a campaign to target businesses that are trading above the VAT threshold but have not registered for the tax.

The Treasury has asked the Office of Tax Simplification (OTS) to look at how the system of tax administration for smaller businesses works.

HM Revenue and Customs (HMRC) has said that it is planning trials which will streamline and simplify the process under which tax compliance checks are conducted.

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