By Jonathan London on 10th February 2015

Tax summaries now available online

If you submitted your tax returns online before the deadline of January 31st, you will now be able to access your tax summary online.

HM Revenue & Customs (HMRC) announced yesterday (February 9th) that more than eight million company directors, freelancers, contractors and any of the millions who electronically filed their self-assessment tax return can retrieve their information which includes how much National Insurance and tax the individual paid within the tax year.

The summary also shows how the money was spent by the government towards public expenditure.

Financial Secretary to the Treasury, David Gauke, said: Taxpayers have a right to know how the government is spending their tax and National Insurance contributions. The Government promised to provide transparent information about its expenditure and these summaries deliver on that promise.…

The January deadline saw 10.24 million digital returns, of which 85.5 per cent were submitted online. However, even with the online option a total of 890,000 missed the deadline and now face penalties, although as we reported yesterday, this may soon become a thing of the past.

Those who did miss the online deadline will be able to access their online summary once their self-assessment tax return has been finalised and sorted.

Should you wish to review your online tax summary, simply log onto HMRC’s online service and click on the  ‘View your 2013 to 2014 tax summary option’.

Mr Gauke added: Any taxpayer who does not receive a tax summary can use HMRC’s tax calculator to estimate their tax bill and see how it contributes to public spending. The ‘HMRC App’ containing the calculator can be downloaded free of charge from the Apple App Store or the Google Play Store by searching for ‘HMRC’.

Jonathan London Written by Jonathan London

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