There has been a 142% increase in the number of additional rate tax payers since the tax bands were frozen in 2021, latest HMRC figures reveal.

Pension savers have won more time to make voluntary National Insurance contributions to fill gaps in their National Insurance records and boost their State Pensions.

HMRC says that a record 11.7m taxpayers submitted their tax returns on time this year.

The taxman is investigating about a third of high net worth taxpayers, it was revealed today.