Author Topic: UK tax online  (Read 3441 times)

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Offline Maik

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UK tax online
« on: Tuesday, 15 December, 2015 @ 14:46:47 »
HMRC launches 'online banking' for taxes
Taxes are going fully digital, with the launch of a new online system for taxpayers

HM Revenue & Customs has launched online tax accounts as part of a wider plan to make all taxes digital by 2020.

A bit like online banking accounts made monthly statements irrelevant, the Personal Tax Account could see an end to yearly tax returns, according to HMRC.

The Personal Tax Account will consolidate information from employers, banks, building societies and other government departments so that taxpayers won’t have to hunt for all of the information and add it themselves.

It will update in real time, showing you what you need to pay and what you’re owed. You can also update information without having to submit lengthy forms. And, if you get confused, it has a virtual assistant and web chat.

But this year - while tax returns are still an annual burden - more than a million taxpayers will be directed to the online system to complete their self-assessment for the taxes that don’t come out of your pay slip.

By 2020 the full range of HMRC services should be available through digital tax accounts. The five year plan has been released a month after HMRC announced it was closing its 170 offices across the country and moving them into 13 regional hubs. Up to 56,000 staff could be made redundant as a result of the slimming down.

BBC video report: New online account to manage tax affairs launched

HMRC video: