PR HartleyFCA

Chartered Accountant & Registered Auditor

Digital Tax Accounts

Digital Tax Accounts

added 3 March 2016

HMRC has set out plans to move to a purely online payment system for tax, which will operate virtually in real time, as part of its Making Tax Digital strategy. The major plank of the reform will see the abolition of the tax return and will remove all paper transactions with HMRC.

By the end of 2016, every individual and small business will have access to their own digital tax account, and by 2020, businesses and individual taxpayers will be able to register, file, pay and update their information at any time.

A guide to the digitalization process can be found on the website.