Business news

Employers are being advised that, as from 16 March, HM Revenue and Customs (HMRC) is sending out penalty notices to those firms yet to file their 2007-08 form P11D(b) Class 1A National Insurance contributions annual returns.

Final salary pension schemes in the private sector were underfunded by £219 billion last month, new figures have revealed.

The cost of operating a small firm has dropped as deflation replaces inflation during the deepening of the economic downturn.

Small firms have seen a rise of 40 per cent in late payments, adding to the woes of the economic downturn.

The new Business Rates Supplement Bill must be amended if local economies are not to be hit by the burden of unwanted extra taxes, the CBI has warned.

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