HM Revenue & Customs (HMRC) has announced that the introduction of automatic penalties for late real time information (RTI) submissions will be put back for smaller employers.

Millions of taxpayers will receive a new personal tax summary from October 2014.

People could face criminal prosecution if they fail to declare and pay offshore tax liabilities.

New figures from the Pensions Regulator show that more than four million workers have now been automatically enrolled into a workplace pension.

New government data has shown that almost a million employers are benefiting from a £2,000 cut in their annual national insurance contributions (NICs) bill.