Accessing Your Annual Tax Summary

Calculator_TaxAgility Accountants LondonEarlier this month the Government started sending out an Annual Tax Summary to over 24 million people across the UK breaking down exactly how their tax payments are spent by Chancellor of the Exchequer George Osborne.

Of this number, the eight million individuals who complete self-assessment returns will be able to see their break-down online immediately, while sixteen million PAYE taxpayers will receive their break-down in the post within the next four weeks (if they haven’t already) if they received a tax coding notice from HMRC for tax year 2013 to 2014.

Speaking on the issue, Mr. Osborne said:

I promised that taxpayers would know much more about how much direct tax they pay and how that money is spent. Now we’re delivering on that promise by giving 24m taxpayers a new personal tax summary. It is a revolution in transparency and it will show how hardworking taxpayers have to pay for what governments spend.

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