What is the Personal Tax Account?
The Personal Tax Account (PTA) is a digital service that allows individuals to access and manage their tax information. This online service provides people with an efficient platform to handle their taxes, offering clear and accessible information regarding taxes, tax codes, refunds, and tax communications. It is important to note that the PTA is exclusively available to tax residents in the United Kingdom. In this article, we will explore what the Personal Tax Account is and how to make the most of it for simplifying personal tax matters.
What is the Purpose of the Personal Tax Account?
The Personal Tax Account serves as a central hub for all your personal tax matters. It allows you to:
- Manage Taxes and Payments: Plan and manage tax payments conveniently.
- View Your Tax Code: Check and modify your tax code directly from the account.
- Complete, Submit, and View the Personal Income Tax Return (Self-Assessment): Manage your income tax return in one platform.
- Verify and Request Tax Refunds: Request tax refunds quickly and efficiently.
- Check Income from the Last 5 Years: Analyze your income from the past five years.
- Verify the Amount of Taxes Paid in the Last 5 Years: Review taxes paid in the last five years.
- Manage Tax Credits: Monitor and manage your tax credits.
- Check Your State Pension: Access information about your state pension.
- Track Online Submitted Tax Forms: Keep track of tax forms submitted online and their responses.
- Update Your Marriage Allowance: Make changes to your Marriage Allowance through the account.
- Update Your Name or Address with HMRC: Inform HMRC of name or address changes.
- Manage Work-Related Benefits: Monitor work-related benefits such as company cars and medical insurance.
- Find Your National Insurance Number (NIN): Retrieve your National Insurance number when needed.
- Receive and Review Tax and Government Communications: Receive and review important tax and government communications through the account.
Personal Tax Account Registration
You can register your HMRC account by completing a form and providing a series of personal information and details related to your recent tax years in the United Kingdom. The successful registration of an HMRC account is only possible if the information entered in the registration form matches the information held by HMRC.
Once authenticated, you will gain access to information and tools related to your personal taxes.
To create a PTA, you will need:
- A valid British passport
- A British photo driving license issued by DVLA (or DVA in Northern Ireland)
- Payslips from the last 3 months or a P60 from your employer for the last fiscal year
- Recent payslips (dated within the last 3 months)
- P60 from the last fiscal year
- Details of any tax credit claim, if you have made one
- Information from your credit record, if you have one (such as loans, credit cards, or mortgages)
- Information about taxes and contributions paid in the last fiscal year
- Details of your addresses from the last 3 years
Please Note: Not all the information listed is always required. It depends on the chosen registration method.