Tuesday 22 May 2012

Launch of HMRC Business Tax Dashboard

The Business Tax Dashboard shows the different online tax portals.

HMRC's Business Tax Dashboard provides an overall picture of your tax position including payments made and amounts still owed.  

You will be able to see either Corporation Tax or Self Assessment information, depending on the type of business you have. You can view information on VAT and PAYE for employers, if you have set up your business for these online services.

The information included is the amount of tax owed together with the status of payments and penalties. The dashboard can also be used to amend contact details, including an email address.

The following details for each tax type will be included:
·         Corporation Tax: accounting periods from 1 October 1993 onwards
·         Self Assessment: tax year 1996-97 onwards
·         PAYE for employers: 2010-11 onwards
·         VAT: the current and 15 previous months

It will be updated each weekend to reflect returns and payments that reached HMRC systems in the previous five days.
To use the dashboard, businesses will need to enrol for HMRC Online Services and use the User ID for each tax you want to show on your dashboard.

For further information/advice on this topic please visit www.wardwilliams.co.uk

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