HMRC has confirmed that more than three million tax refunds are to be sent out as of next week - two months earlier than previous years - due to an earlier review of the amount of tax paid for 2011/12 via the Pay As You Earn (PAYE) system.
HMRC's introduction of Real Time Information (RTI) will cause problems for small employers that lack internet access or are not computer savvy, a tax advisory body has warned.
HMRC has apologised after callers were unable to get through to call centres in the days following the Easter weekend, blaming 'extremely high levels of calls' from taxpayers.
A pilot project marking a significant change in the way that PAYE payments are calculated has been launched by HMRC, with the first volunteer employers testing the new Real Time Information (RTI) system.
The average weekly state pension for 2012/13 has risen by £6 from £118 to £124 according to Government estimations following changes which came into effect last week.
The earnings thresholds for automatic pension enrolment will be aligned with tax and national insurance contributions, the Government has confirmed following consultations.
Small businesses may benefit from a simplified tax system in which full accounts may not have to be presented to HMRC, under plans announced by Chancellor George Osborne in the Budget.
Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.
Chancellor George Osborne stands to deliver today's Budget after a blow this morning from official figures indicating that public sector borrowing hit a record £15.183 billion pounds last month - close to double of the £8.875 billion in February and what economists had forecast.
Business groups have urged the Chancellor to take 'radical action' and deliver measures which support small businesses, drive job creation, and encourage UK economic growth, in the Budget that will be announced tomorrow.
Tax compliance and disputes handled by HMRC should be handled with complete impartiality regardless of company size, a Treasury sub-committee report has found.
Smartphones such as BlackBerrys and iPhones which are provided by employers to employees will no longer be subject to tax as a 'benefit in kind', HMRC has announced.