You can use the dashboard to view information as follows:
Corporation Tax – information for accounting periods from 1 October 1993 onwards Self Assessment – information for the tax year 1996-97 onwards PAYE for employers - information for the tax year 2010-11 onwards VAT - information for the current date and previous 15 months
The VAT view liabilities and payments functions are still being developed and will be introduced shortly.
For full details follow this link - Setting up and using a Business Tax Dashboard
VAT VIEW ADDED TO BUSINESS TAX DASHBOARD
4 July 2012
The Business Tax Dashboard is an HMRC online service aimed at smaller businesses. You must have enrolled to use either HMRC's Corporation Tax or Self Assessment online service before you can set up a dashboard.
HMRC have now added a VAT view liabilities and payments feature to the Business Tax Dashboard and VAT Online services.
Follow the link below for further details.
Business Tax Dashboard for Corporation Tax, Self Assessment and PAYE for employers
HMRC ANNOUNCES TAX REFUNDS TO COME EARLY
16 May 2012
HMRC has confirmed that they are commencing the annual reconciliation process 2 months earlier than last year.
Around three million taxpayers will start to receive tax refunds from next week, two months earlier than last year, HM Revenue & Customs (HMRC) has confirmed . This is because the annual reconciliation of Pay As You Earn (PAYE) for the tax year 2011/12 is starting earlier than ever before. Up to 3.5 million taxpayers who have overpaid tax will receive an average repayment of £379, and up to 1.6 million will need to make up an average £537 shortfall in their tax, as they have underpaid during the year. In most cases this will be collected through their tax code. These reconciliations are a normal part of PAYE processing. Under PAYE, a tax code is allocated to every individual to reflect their personal circumstances. This seeks to ensure that the right amount of tax is deducted at source. Where an individual’s circumstances change and these changes are not notified to HMRC, individuals could end up paying too little or too much tax during the year. The annual reconciliation process therefore checks whether the right amount of tax has been paid or whether any adjustments are needed, once all the information is provided to HMRC at the end of the tax year. Around 85 per cent of HMRC customers do pay the correct amount of tax during the year, but end-of-year adjustments are needed for the other 15 per cent, to take account of changes in their circumstances. Examples of these include:
CIPP Policy News Journal
12/04/2013, Page 96 of 362
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