Set up your personal tax account with HMRC to check your records and manage your tax details online.
HMRC introduced the personal tax account in December 2015 as a way to make it easier for people to see and manage their tax details online.
By signing up to the personal tax account, HMRC hopes that you’ll be able to manage your details and records online rather than phoning or writing to them.
HMRC’s phone lines haven’t always been completely reliable, so if you haven’t set up your personal tax account yet, doing so now could save you time in the future.
The tax body says you can use your personal tax account to:
They say that more services will be added in the future.
There are lots of reasons to set up your personal tax account if you’re self-employed.
On the gov.uk website, HMRC says that if you’re a self-employed or Self Assessment customer, you can use your account to:
You can also use your account to manage your National Insurance record and see your State Pension forecast (including how much you can get and when you can get it).
It shouldn’t take too long to register for your personal tax account. The self-employed will have a head start, because you should have a Government Gateway user ID. You get this when registering as self-employed and you use it when filing your Self Assessment online.
Once you’ve signed in using your Government Gateway ID, HMRC will ask you some more questions to verify your identity (it might be helpful to have your passport to hand for this, if you have one).
After you’ve signed up and registered you should be all set to start managing your tax records.
You’ll see a menu page split into separate sections that let you manage the different elements of your tax details.
You’ll also be able to do things like choose to go paperless, let HMRC know if you’ve changed address, and track forms you’ve submitted online.
If you’ve set up your personal tax account with HMRC, how did you find the process? Let us know in the comments below.
With Simply Business you can build a single self employed insurance policy combining the covers that are relevant to you. Whether it's public liability insurance, professional indemnity or whatever else you need, we'll run you a quick quote online, and let you decide if we're a good fit.Start your quote
6th Floor99 Gresham StreetLondonEC2V 7NG
Sol House29 St Katherine's StreetNorthamptonNN1 2QZ
© Copyright 2020 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.