MILLIONS are to benefits from a series of tax giveaways later this month in George Osborne's final Budget before the General Election, according to reports.

The Conservative Chancellor is understood to be considering a dramatic move to again raise the level at which workers start to pay income tax.

Mr Osborne is also expected to announce a crackdown on multinationals companies who move their profits abroad in order to radically cut the amount of tax they pay in the UK.

Reports suggest that the rise in the personal allowance could be as high as £11,000, following discussions between Tory and Lib Dem ministers later this week.

The allowance is already due to rise £10,600, from £10,000, in April, just as the General Election campaign officially gets under way.

But ministers are keen to to move it even higher, and take more workers out of paying tax altogether.

The Chancellor is also expected to use his Budget cut the duty on whisky, following a long-running campaign by the Scottish whisky industry.

Similar cuts are also due to be announced on the tax on beer and cider.

Large international firms accused of not paying enough tax in the UK also also expected to be hit by a new "diverted profits tax", possibly charged at 25 per cent.

Companies with turnover under a certain amount are likely to be exempt from the new rules.

The Budget will be held just a fortnight before parliament is due to rise, making the start of the General Election campaign.

Mr Osborne is thought to have more money to spend following better-than-expected tax returns.