How many of you know about your online business tax account (BTA), or even care? If you are going to be mandated into the MTD for VAT regime from April 2019 you are going to have to learn how to access your BTA pretty quickly.
MTD is designed to hang on the linchpin of the BTA, and the personal tax account (PTA) for individuals. Once the business or individual is within the MTD regime you will have to access your BTA or PTA in order to:
- authorise a tax agent to act for you; and
- change contact details such as street address, telephone number or email address.
You may need our help to find and access your BTA. The first step is to set up a government gateway ID, as an organisation and not as an individual.
We as a tax agent will only have limited a window into your BTA, if our software gives us access through our Agent Services Account (ASA). There are no plans for agents to have access to their clients’ PTA.
Written by the Tax Advice Network