Within the 1.2M are an estimated 160,000 who received the basic state pension for the first time in the 2010/11.
HMRC will also be issuing between 1.7m to 3.5m repayments towards the end of July of around £340 per person.
HMRC is of the view that it is in a "much better place" this year, as the new computer system is "working fast and efficiently".
In theory, once the real time PAYE system is introduced and fully operational by 2014, these reconciliations will be consigned to history. However, as I noted last week, that deadline may well be missed.
Tax does have to be taxing.
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