A Personal Tax Account allows you to claim a doctor’s tax rebate for expenses such as exam fees, GMC, BMA, MDU, MPS and Royal College fees. You can also check your doctor’s tax code is correct. Claiming tax relief on these expenses can reduce the costs of training by up to 45%. Here we guide you how to set up a Personal Tax Account.
What is a HMRC personal tax account?
An online account by HMRC where you can manage your tax affairs online, quickly and simply, whenever you want.
How do I get a Personal Tax Account?
We have made a step by step guide for doctors here.
Why do doctors need a Personal Tax Account?
A personal tax account allows you to see information HMRC hold on your pay and tax. This means you can check you are paying the correct amount of tax. Its designed to allow taxpayers to manage tax online without using paper forms or telephone.
The most significant features for doctors are
- check your tax code and how your tax is calculated. Here’s our guide to checking your tax code
- claim a doctors tax rebate on employment expenses. Our step by step guides walk you through this process and include all the information you need such as where to find receipts and what you can claim.
- see an estimate of the income tax you are likely to pay in the current year
- check how your income tax has been calculated, and against which source of income it will be payable
- view and make changes to your estimated pay, and complete associated forms to update the information that makes up your tax code
- check the earnings your employer(s) have told HMRC about, including details of the tax you’ve paid and National Insurance contributions you’ve made each month-to-date in the current tax year, and for all 12 months of the previous tax year
A full list of features can be found here
And here is a useful guide from HMRC