Have you heard? The highly anticipated income record viewer has finally touched down, and accountants and tax professionals across the country couldn\u2019t be happier.<\/p>\n\n\n\n
HMRC has rolled out a new tool – an income record viewer for agents to access their client\u2019s PAYE information. <\/p>\n\n\n\n
English, please? \ud83d\ude05<\/p>\n\n\n\n
Ok, so basically, HMRC have finally understood that it can be difficult (or impossible) to get all of the information needed easily for an accountant to sort your tax return. This could be details of your personal tax accounts, pension, and\/or income history. <\/p>\n\n\n\n
The HMRC income record viewer is a service that lets accountants easily access this information all in one place (with permission, of course!).<\/p>\n\n\n\n
When you hire an accountant to file your tax return, they\u2019ll need to know information about your finances. Lots of information. Maybe even all of it. \ud83e\udee3<\/p>\n\n\n<\/div> \n\n
Here are just some of the things your accountant needs to know to sort your tax return:<\/strong><\/p>\n Perhaps someone in the HMRC HQ needed to sort their tax return, and was fed up of the back and forth emails with their accountant? Or maybe an equally as frustrated accountant proposed the idea to HMRC?<\/p>\n\n\n\n Either way, the income record viewer was born, and this service lets your accountant access all of the following information in one place:<\/p>\n\n\n\n And just like that, everyone\u2019s happy. \ud83e\udd73<\/p>\n\n\n\n If you\u2019ve been filing tax returns for a long time, you\u2019re probably used to the traditional method which consists of\u2026 paperwork and spreadsheets. \ud83e\udd72<\/p>\n\n\n\n OK, yes this method works. But number one, prepping all of your documents for the entire tax year to hand over to your accountant is extremely time-consuming (and let\u2019s face it, boring \ud83e\udd71).<\/p>\n\n\n\n Number two, this method leaves room for mistakes. A few mistakes here and there on your spreadsheet and your entire tax return could be incorrect.<\/p>\n\n\n\n Number three, the income record viewer is much more secure. No paperwork lying around, and no hackable spreadsheets. <\/p>\n\n\n\n How it works is that the person sorting your tax return will simply email you an authorisation link. Once you\u2019ve accepted this link, they can access your information for the current and<\/em> previous four years.<\/p>\n\n\n\n You\u2019ll need an agent services account to access the service, but if you don\u2019t have one, you can just create one here<\/a>.<\/p>\n\n\n\n Besides the fact that it saves our accountants lots of time, they\u2019ll also get full access to see your income with each employer, details of your pension, whether you\u2019ve claimed any allowances and even if you\u2019ve had any adjustments to your tax code. <\/p>\n\n\n\n The question is why wouldn\u2019t they love it?<\/p>\n\n\n\n\n
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But why should I use the income record viewer?<\/h2>\n\n\n\n
How to access the income record viewer:<\/h3>\n\n\n\n
Why do our accountants love the HMRC income record viewer?<\/h2>\n\n\n\n