Personal tax account guide for doctors
by Dr Ed Cantelo Salaried GP, Chartered Accountant and Chartered Tax Advisor
A Personal Tax Account allows doctors to claim tax relief for expenses such as your GMC, BMA, MDU and MPS fees, as well as any exam expenses as a trainee, and check your doctor’s tax code is correct.
If you haven’t signed up for an HMRC Personal Tax Account yet, we strongly suggest you join the 16 million taxpayers that have.
What is an HMRC personal tax account?
This is an online account created by HMRC where you can manage your tax affairs online, quickly and simply, whenever you want.
Why do doctors need a Personal Tax Account?
A Personal Tax Account allows you to see the information that HMRC hold regarding your pay and tax. This means you can check you are paying the correct amount of tax. It’s designed to allow taxpayers to manage tax online without using paper forms or telephone.
The most significant features for doctors are
- claim tax relief 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.
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see what tax code you’re on, and how your tax is calculated. Here’s our guide to checking your tax code
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see an estimate of the income tax you are likely to pay in the current year
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check how your income tax has been calculated, and against which source of income it will be payable
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view and make changes to your estimated pay, and complete associated forms to update the information that makes up your tax code
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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
http://www.hmrc.gov.uk/courses/syob4/pta_guide/
How do I get a Personal Tax Account?
We have made a step by step guide for doctors here.
