HMRC Online Services go live
HMRC have been working on upgrading their website to include some new useful tax features as part of their digital strategy.
This is in advance of the general election and includes the following:
Your Tax Account
This replaces the Business Tax Dashboard
and is a central homepage where businesses are able to review their current tax position, including liabilities, payments, repayments and penalties.
Digital Self Assessment
You may have received a notification in the past weeks asking if you would prefer to receive updates from HMRC only by email, rather than post. This is part of their objectives to digitalize everything tax related and creates a portal for filing, updating and managing personal tax data.
1.2 million people are already signed up to this new way of working.
PAYE for employees
There is a new facility for employees to check their tax codes online.
The importance of embracing digital
HMRC are fully embracing digital operations so over the coming months and years there are expected to be more initiatives to move towards a completely electronic way of working.
Figurit embrace digital technology for an efficient approach to tax compliance. Our digital bookkeeping software helps clients save time whilst keeping accurate business tax records. Call today to find out more – it’s free!
020 7376 9333
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