Personal Tax

Guide about Personal Tax Account

What is a Personal Tax Account?

HMRC provides an online service that gives access to your personal tax information all at one place this is known as Personal Tax Account. Through the account you can manage the tax issues as per your convenience without writing a mail or making a phone call to HMRC. Personal Tax Account service was launched in the year 2015 it has been very successful as it allows common peoples to deal with their tax issues hassle-freely. The days of going through mountains of paperwork and standing in huge line-ups at government offices are gone. Tax management is now easier and more efficient than ever thanks to your Personal Tax Account, which conveniently keeps everything you need close at hand.

Purpose of Personal Tax Account

The personal tax account service started by government in the year 2015 is a free service for common people. Best advantage of this service is that you get all your tax data in one online portal. Having all your data at one place will give overall financial control and save the trouble of managing piles of documents. A personal tax account also makes it easier for individuals to keep track of their tax responsibilities and stay organised. They may stay on top of deadlines, get alerts when necessities change, and stay away from penalties by not filing or paying for necessary documents on time.
By giving individuals an easy-to-use platform to manage their taxes quickly and efficiently, personal tax accounts are meant to empower taxpayers.

How to setup a Personal Tax Account?

You can manage your taxes more quickly and easily by setting up a personal tax account, which is a straightforward process. Go to the official website of the revenue agency or tax body in your nation to get started. Find the option to “create an account,” then click it and fill out the registration form with your details.

It is probable that you may be required to authenticate your identification by supplying particulars such as your date of birth, social security number, and other identifying data. You will be able to view and manage your tax information through your personal secure web portal after completing the registration process.

Things required for personal tax account opening:


  • National Insurance Number (mentioned on your payslip)
  • Latest payslip
  • Recent P60 form OR UK passport (that should be in date)
  • Your current mobile number or landline number for two-step verification security.
  • Current active email address for account.


These are the things required for opening personal tax account. Further, the account opening procedure will be completed in 4 simple steps.


  1. Type in your name, email address and a unique password. The software generates your Government Gateway User ID.
  1. You will require user ID, your password, and a special 6-digit numeric code in order to log in for the first time. You have to select whether landline or mobile phone number you would like this code sent to. It’s up to you, but most individuals find that sending a text to a mobile device is the most practical option. Once you have the code, you simply input it in the corresponding field to have your identification verified.
  1. Respond to security questions using the details you can provide from your passport, pay checks, and P60.
  1. After your responses are used to confirm your identification, you will be able to view all of the information in your Personal Tax Account.

That’s it your Personal Tax Account is been opened now. Whenever you, need to login in your account put your user ID and password.

Why having Personal Tax Account is beneficial?

The primary advantage of opening a Personal Tax Account is that all of your tax data is organized and easily accessible in a single online location, which you can use whenever and wherever you have internet connection to access, review, manage, and update.

Employment records: Using the data that your employer (or, if you work for yourself, the tax authority) provides, HMRC will update your employment records annually. You can access and verify your employment records through the Personal Tax Account, so you can make sure all of your information is accurate and current.

Furthermore, a digital copy of your P60 form is available in your Personal Tax Account if you misplaced or are unable to access the paper, which formally certifies that payment has been completed and shows the amount of tax you have paid each tax year.

PAYE Tax codes: The “pay as you earn” (PAYE) codes that HMRC assigns to each of your jobs specify the amount of tax you will pay on each payslip (or when filing your tax return).

Knowing your PAYE tax code is crucial since it varies depending on the employment. For instance, it’s possible that an incorrect code from a prior job will be carried over, leading you to pay more or less tax than you should.

Your PAYE codes, both past and current, are kept on file in your HMRC Personal Tax Account. You can review and alter the data if you think you are paying too much tax.

National Insurance: We contribute to the welfare state through our National Insurance, which enables UK citizens to receive free universal healthcare as well as other social and medical services.
To work in the UK, you also need to obtain an NI number, which you will probably need to use frequently for job applications, tax and employment form completion, and other purposes.

Your NI number is always accessible with a Personal Tax Account. You can also check the total amount of National Insurance contributions you have paid during your career of employment and paying taxes. This is useful because it lets you make sure all of your payments are made on time and without error, guaranteeing that you will receive the full state pension once you reach retirement age.

Support filing your self-assessment tax return: It’s rarely easy to file self-assessment returns, and people who are unfamiliar with self-employment may find it difficult to understand the tax jargon used by HMRC.
Filing your tax return poorly or inefficiently may result in unexpectedly high tax bills, fines, or missed opportunities to legally reduce your taxable income.
With all the information you need to file your tax return kept directly on one platform, a Personal Tax Account should presumably make the process easier.

Safety and Security with your Personal Tax Account

With your unique user ID and password, your Personal Tax Account is only accessible to you. The service is exclusively accessible to those who have finished the same registration process as you. Since HMRC values security so highly, all of its systems come equipped with firewall protection. Because it identifies any attempts at unauthorized entry, this offers the highest level of security for your data. Your account is private and only you can view the encrypted data you share with HMRC online.
Regarding your own internet security, you certainly need to exercise caution. You must write down your password or user ID, keep it somewhere private and avoid disclosing it to strangers.

How CoxHinkins can assist with Personal Tax Account?

Taxes are something you should always complete correctly. It could be time to speak with a reputable tax expert if you’re unclear of how a personal tax account could help you, or if you’re just having trouble with any of the services mentioned above, such as employment records, benefits, and self-assessment returns.

CoxHinkins has years of expertise guiding people and companies toward successful and economical tax compliance. Our Accountants can assist with a wide range of tasks, including year-end accounting and filing your self-assessment tax return.

Conclusion: An easy and safe option for people to handle their tax matters online is through a personal tax account. You may conveniently manage your taxes, access crucial documents, and get in touch with HM Revenue & Customs by creating a personal tax account.
A personal tax account offers useful tools to assist you in managing your finances, such as the ability to monitor your tax computation, update your details, and check your National Insurance contributions.


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