A new Business Tax Dashboard was added to HMRC’s website during the time it was offline for maintenance over Easter.
The march towards online filing in recent years has mainly been about taxpayers and their advisers feeding electronic information into HMRC. The new dashboard means that we’re beginning to see more information coming back. Accountants already have access to client lists and summary report through HMRC’s adviser pages. The Business Tax Dashboard brings together information about each business from the different online tax portals and was designed to cater for the department’s smaller business “customers”.
“HMRC's Business Tax Dashboard will give you an overall picture of your tax position including payments you have made and amounts you still owe. You will be able to see either Corporation Tax or Self Assessment information, depending on the type of business you have. You can also view information on VAT and PAYE for employers, if you have set up your business for these online services,” the department advises on its website.
The information provided includes the amounts of tax owed, and 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.
The dashboards 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 enroll for HMRC Online Services and use the User ID for each tax you want to include in your dashboard.
Frustratingly there is no facility for agents to access the dashboard, unless they use the business client’s login details. Agents can still view their client’s tax position for Corporation Tax and Self Assessment using the relevant online service, HMRC said, adding that it is looking to provide an agent dashboard, and access to client PAYE and VAT tax information at a later date.
Nigel Harris is taking the Business Tax Dashboard for a test drive over the weekend and will add further details here shortly.