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Revenue launches digital levy accounts for individuals

Revenue launches digital levy accounts for individuals

HMRC has revealed the details of its plans to use technology to cut costs and improve customer service. At the launch of the first digital accounts for personal taxpayers, HMRC said that every individual and small business would have access to their own secure digital tax account next year. The switch will lead to the automatic uploading of the information needed by HMRC, with the intention of ending tax return form filling by millions of people. Information on bank and building society interest will start to be included in tax codes during 2016, with taxpayers only needing to contact HMRC to update certain details. Two million businesses are already using digital accounts and every business will have access to one by April next year.

 

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