Personal tax account helps to manage affairs online

Roger Mills BUSINESS NEWS, NEWS Leave a Comment

HMRC’s personal tax account (PTA) has been designed to allow taxpayers to manage their tax affairs online. The PTA works in a similar way to an online bank account and is part of HMRC’s strategy to move to a fully digital tax service. It is expected that by 2020 the system will be fully rolled out and taxpayers will be able to register, file, pay and update their information using their PTA.

A recent press release from HMRC disclosed that the PTA has been used by more than 100,000 people to check that their car benefit and car fuel benefit is correct. The service was launched in November 2015.

The service allows taxpayers to:
tell HMRC about changes that need to be made as soon as the circumstances regarding the use of their company car change;

  • see the amount of car benefit based on the company car reported;
  • see their amount of car fuel benefit based on the company car reported;
  • immediately see the impact a change has on their tax code.

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