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

HM Revenue and Customs has announced that, as from 27 January, the rate of interest to be paid on money owing to taxpayers falls to 0 per cent.

Effective ways of giving to charities

The European Court of Justice (ECJ) has ruled that employees who have been on long-term sick leave can take all the paid annual holiday they have accumulated while off work.

Councils have promised to take a series of measures aimed at supporting local businesses through the economic downturn.

Business groups have supported the government’s move to boost the credit market with a second multi-billion-pound bail out of the UK’s banks.

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