Personal Tax Accounts - Have Your Employees Signed Up?
Partner & Head of Employer Solutions
As part of the UK Government's plans to 'Make Tax Digital' (MTD), HM Revenue and Customs (HMRC) has introduced a new Personal Tax Account system, which will bring an individual's tax details into one place so that they can register, file, pay and update their personal tax information online at any time.
We recommend that Employers actively encourage their employees to sign up to their individual tax accounts, to enable them to take more control over their taxes and have the ability to:
check Income Tax estimates and tax code, and see what their employer has reported
set up paperless communications
fill in, send and view a personal tax return if required to do so
claim a tax refund
check and manage tax credits
check State Pension projections
track tax forms that have been submitted online
check or update Marriage Allowance
tell HMRC about a change of address
check or update benefits from work, for example company car details and medical insurance
More information on how to set up a personal tax account can be found here.
We're here to help. If you have a query regarding the 'Making Tax Digital' programme, please contact your usual Johnston Carmichael adviser, or visit our dedicated MTD hub on our website.