Tax experts have given a cautious welcome to plans for digital tax accounts, saying that paper returns must remain an option.

Budget Summary Fifty days before the General Election, Chancellor George Osborne today delivered his sixth and final Budget of this Parliament.

Pensions Minister Steve Webb has called for a 33 per cent flat rate to be introduced for pensions tax relief, replacing the 40 and 45 per cent rates for higher earners.

Taxpayers who filed returns by the self assessment deadline of 31 January, but who made a mistake on their forms, could be facing a demand from HM Revenue & Customs (HMRC) for an inaccuracy penalty, tax campaigners have warned.

A new system to stop workers losing small pension pots as they move from job to job is set to be launched next year.