As you may be aware the HMRC is now setting up digital tax accounts for all tax payers.
The tax account allows you to check codes, review and complete personal tax returns, claim tax refunds, check tax or pension credits, check State Pension, check or update the Marriage Allowance, notify changes of address and notify benefits received from the workplace. In future years more services will be added.
This is particularly useful in that PAYE codes can be checked, changed and corrected by the taxpayer to accurately reflect any P11D items such as cars; so should help clients to manage their tax more effectively and avoid underpayments.
As a taxpayer with a P11D I would advise you to set up an account with HMRC in order that you have this facility. The procedure for setting up is as follows:-
- Go to www.gov.uk/personal-tax-account
- Set up a Government Gateway Account if you don’t already have one in your own name.
- Follow the steps through to create the account.
If you need any help, just pop into the office or give us a call and we will assist.