Low and middle income earners received a boost today as Chancellor George Osborne revealed the personal tax allowance will rise for the under 65s, but pensioners will lose out.
Taxpayers have been given longer to avoid a £100 fine for filing their self assessment return late, because of a strike by HM Revenue and Customs (HMRC) staff.
Over one million people are about to be given the shock news they owe the taxman an average £600 each, while millions more will receive rebates of around £300 each.
Hundreds of thousands of students are starting or returning to university at present and those who had summer jobs should check now if they're owed overpaid tax.
Almost 900,000 workers, mainly women, will get a pay rise when the minimum wage breaks through the £6-an-hour barrier for the first time this weekend, union leaders said today.
Today marks the start of the new financial year, and with it, an overhaul of the tax system which means workers' take-home from this month on will change.
6 April 2011
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