HMRC's Personal & Business Tax Accounts Explained

HMRC's Personal Tax Account (PTA) and Business Tax Account (BTA) allow you to view and manage your tax affairs online.

The Personal Tax Account is designed for individuals. With it, you can:

• Pay your tax bills

• check your PAYE tax code

• check your income from employment in the previous 5 years

• check how much Income Tax you paid in the previous 5 years

• check and manage Benefits such as your tax credits

• check your National Insurance Record for your State Pension status

• check or update your Marriage Allowance

• tell HMRC about a change of name or address

• find your National Insurance number

Here's HMRC's brief explainer video. And the sign-up link: https://www.gov.uk/personal-tax-account

The Business Tax Account is for businesses already registered for:

• Self Assessment (sole-traders or Partnerships)

• VAT

• PAYE

• Corporation Tax - for limited companies

Importantly:

• you will use just one BTA to access multiple taxes, such as Corporation Tax, PAYE and VAT (but not the same login you use for your PTA), for how to add different tax types to your BTA see this short video.

• an individual involved in a business will need both a PTA and BTA

For more info on how to sign-up to the BTA visit: https://www.gov.uk/guidance/sign-in-to-your-hmrc-business-tax-account

Would you like help to pay less tax? Feel free to get in touch or check out our related posts 👇