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Articles containing the tag "Digital Tax Accounts"
On Tuesday 1 December 2015, HMRC formally launched the public beta of the Digital Tax Account, now renamed the Personal Tax Account (PTA).
The new service, as with all new Government projects, is to be delivered in a piecemeal fashion. In this article, we’ll take a look at what it can do…
Back in the March Budget, the Chancellor of the Exchequer, George Osborne, announced that the tax return would be replaced by a Digital Tax Account by the end of this parliament. As is often the case with Government policy, such broad statements don’t have any immediate substance to them apart from a few broad concepts.
Over the six months that have followed, HMRC have been beavering away at working out what a Digital Tax Account should look like and how it should work. We have been fortunate to be part of this and have helped to shape this development.
Bit by bit, the picture of how the Digital Tax Account will work has become increasingly more clear and now we can finally begin to explain how some of this will work.