The Chartered Institute of Payroll Professionals
Policy Bi-Monthly Newsletter – September 2016
Faster, easier tax repayments via Personal Tax Accounts 25 August 2016
Taxpayers can now get their money back direct from HMRC via their Personal Tax Account without the need for a cheque or trip to the bank.
HMRC has announced a faster and easier tax repayment approach through Personal Tax Accounts.
Taxpayers can now opt to get their money back direct from HMRC through their digital Personal Tax Accounts.
Tax that they have overpaid will be returned directly to their bank account within 3-5 days. The online refund is just one of many services customers can access through their Personal Tax Account.
With over 34 quick and easy services which would have previously meant a letter or phone call to HMRC, the Personal Tax Account makes tax less formal and time consuming.
With the Personal Tax Account customers can: view and update personal details see how their tax is calculated
see the progress of forms they’ve sent to HMRC check the expected level of their state pension find out about Marriage Allowance entitlement, and make a claim online see tax credits payments and report changes in circumstances.
Webchat is available to support customers who need help while accessing their online tax account.
It takes less than five minutes to get started. Customers will need to set up a Government Gateway account on the second page (unless they already have one). To do this they will need: their National Insurance number either a recent payslip or P60 (a passport can be used if they don’t have these) a telephone number to receive the one-time security code.
To set up a repayment, customers will need to notify HMRC of their bank account details.
To register, go to Personal Tax Account: sign in or set up .
Request to opt out of receiving your PAYE annual tax summary 30 August 2016
With the introduction of the Personal Tax Account and the continual drive to reduce paper use where unnecessary, you can now request to opt out of receiving your annual PAYE tax summary from HMRC.
There are two ways you can request to opt out :
Use the online form service to sign in or set up a Government Gateway account if you don’t have one. If you use the online form, you’ll get a reference number that you can use to track the progress of your form. Email the form – this doesn’t require a sign in.
In both cases you will need your date of birth and National Insurance number.
cipp.org.uk
Page 42 of 80
Made with FlippingBook Online document