Sorry. You need to upgrade your browser

You are using Internet Explorer 8

This is considered an out of date browser. This website has been developed with modern browsers in mind to allow it to display at its best in a wide variety of viewing situations - including mobile viewing. But we haven't supported older browsers like IE8. Please upgrade to the latest version of Internet Explorer - or try Mozilla Firefox or Google Chrome. Both are excellent browsers.

Thank you.

Chartered Certified Accountants
and Business Advisors

01530 267320

Have you seen your Personal Tax Account Yet?

As part of the government’s initiative to bring tax into the digital age they have created an individual and personal tax account for everyone, unique to you.

This personal tax account will display details for you to see such as your earnings and taxes paid to date, any state benefits you have received plus National Insurance Contributions you have paid to name but a few of the important ones! This information is displayed clearly and in tax years.  The portal has been designed to easily navigate around it and will enable HMRC to see your information in real time.

What this means for them:
They will see what earnings and income you have received on a more timely basis and will have the details to hand to recalculate things such as the universal tax credit and/or tax credits lets say.

For example, Talia was a stay at home mum caring for her son.  She received child tax credits during 2017/2018.  In September 2017 she started work as her son started school.  After her first pay date she was able to see her earnings show up in her personal tax account for that month.

This means HMRC can too!  From this, they can check whether she is still entitled to the child tax credit and if so, the exact amount due to her based on her earnings going forward. They can then update this accordingly meaning there is no risk to them of hugely overpaying her and no risk to her of spending that money and then finding she has to pay it all back.

This revolution affects everyone!  Not just stay at home mums, or people with their own businesses, yes it affect pensioners, yes it affects private landlords we mean EVERYONE!

To access your personal account log onto:

Follow the registration and security steps to unlock your tax account.  If you see any errors or areas of concern then give us a call so we can help. We will keep you informed throughout 2017 of further digital enhancements as this is just part of the initiative.

20 Mar 2017

« Back to latest news

Latest news

What you need to know when your Company is Dormant...

A dormant company is not accountable for corporation tax purposes. There is no need to let Companies House know that you...

Click to read more >

Sence Alphabet

Do you know your Sence Alphabet? Annual Accounts Bookkeeping Compliant Digital ...

Click to read more >

VAT on hotel deposits

When you book a stay at a hotel for business use you usually have to put a deposit down at the time of booking, however,...

Click to read more >

Is it a Car or is it a Van?

The argument about whether a vehicle is a company car or van is back. It’s the differential in tax payable on company ...

Click to read more >

Teachers to have loans reimbursed

The government have now published details of how teachers in shortage subjects in certain parts of the country will be a...

Click to read more >

Tax and Paid Carers

When you foster children your local council will give you payments. HMRC treats paid foster and other carers as running ...

Click to read more >

Can a director be paid before trade begins?

New Companies often incur start-up costs before they begin trading. But… is it sensible from a tax and NI point of vie...

Click to read more >

Vat when incorporating your business

The motive for incorporating a business, that is working through a company instead of being self-employed or in partners...

Click to read more >

How can we help?




I rely on the expertise of Sence Accountancy for all my financial needs - end of year tax return, payroll and business advice.

Heulwen Howells
Kip McGrath Education Centres

Click to read the full testimonial >