In an age where many of us manage our banking and bills from our phones, it’s no surprise that HMRC has stepped into the mobile era with an app. The HMRC App is a simple to use tool that brings much of your tax and benefits information in one secure, accessible space.
At CFW, we see it as another tool in your financial toolkit – one that can help simplify what is often seen as complex and opaque.
What the HMRC App Can Do For You:-
· Allow you to check your tax code, National Insurance, income and benefits all in one place.
· View your employment and income history of the last five years, including what has been reported to HMRC.
· See your Self Assessment (SA)details, how much tax you owe, upcoming deadlines. You can even make SA payments directly through the app using online banking.
· Claim tax refunds – if you’ve overpaid.
· Manage Child Benefit – make a claim, track payments and update your details.
· Access your State Pension forecast and check for gaps in your National Insurance contributions.
· Enable you to update your personal details, such as name, address, and go paperless with HMRC correspondence –should you wish.
· Set reminders – for payment deadlines or key dates – so you don’t forget.
The App has a secure, user-friendly interface. When logging in for the first time you’ll need to use your Government Gateway credentials. Subsequently you can log in more easily using a 6-digit PIN, fingerprint or face recognition.
What It Means for You & How CFW Can Help
There’s no doubt that the HMRC App is a powerful tool – but like all tools, it’s usefulness depends on how and when you use it.
We see this as a great add on to use along side our tax return services allowing us to:
· Assist you in checking your tax code and spotting discrepancies early.
· Guide you in managing your National Insurance gaps, or State Pension forecasts – the app give you visibility; we help you act.
For further information and to download the app click here Download the HMRC app- GOV.UK
If you are interested in our personal tax services including accounts preparation for your sole trade or partnership business, please contact us to find out more on enquiries@cfwaccountants.co.uk or 01536 713555.
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