Making Tax Digital Key Points

There are two separate Making Tax Digital (MTD) projects.

MTD – for Business
MTD – for individuals

MTD for individuals comes into effect on 6 April 2017.

H M Revenue & Customs estimates that by 31 March 2017 only 7 million taxpayers out of approximately 40 million will have activated their personal accounts.

It is now much easier than it was previously to activate your account via the Government Gateway and we recommend that all individuals do so to engage with the tax system and own the data that is sorted about them.

With your personal tax account these are some of the things you can do:-
1. View and update your personal details
2. Advice HMRC regarding changes to a company car or medical benefit: enabling changes to be made to codings quicker.
3. See your Pension forecast

At this moment in time Agents do not have access to personal tax accounts, we will update you on any changes in the future.

To register for your personal tax account you can register for a government gateway account.
Or register via Gov.uk verify.

You can use the following link to register:

https://www.gov.uk/personal-tax-account

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