Income Tax

The head of HM Revenue and Customs (HMRC) renewed his apology today for errors that have left 1.4 million people facing demands for tax back.

Beleaguered government department HM Revenue & Customs (HMRC) is facing fresh anger as its helpline for tax credits renewals is jammed, with some benefit recipients unable to get through for two weeks.

Nearly one million people who did not pay enough income tax have had their repayment demands written off, it emerged today.

The Government says it cannot afford to write-off the £2 billion of underpaid tax owed by 1.4 million people.

A whopping 1.4 million taxpayers will be asked to pay an average £1,400 back because they've been charged too little tax after an HM Revenue & Customs (HMRC) blunder.

Many of the nearly six million people who paid too much or too little income tax will find out today whether they are due a rebate or have to make additional payments.

The Government is warning taxpayers to beware scam emails and calls purporting to be from the taxman offering a rebate.

Today's Emergency Budget brought tax rises for every UK citizen as the Government attempts to plug the massive £156 billion budget deficit.

The new coalition government has revealed many of its tax and spending plans, but what will this mean for your wallet?