HMRC Launches SME Record-Keeping apps
A series of simple record keeping mobile apps for small businesses has been launched by software developers after consultation with HMRC.
Mostly free, the apps complement existing HMRC record-keeping guidance and tools. They aim to help small businesses and the self-employed who are below the VAT threshold - £77,000 maintain good records and estimate what their tax liability might be.
David Gauke, Exchequer secretary, said: ‘These apps help take forward our commitment to tax transparency in a very direct and practical way. They can help SMEs feel more confident about their record-keeping and provide a direct link to the business’s finances, freeing up time which can be better spent on the day-to-day running of the business.’
Naomi Ferguson, HMRC’s business customer & strategy director, said: ‘More and more small businesses use smartphones as part of their business. These apps will provide the opportunity to keep track of records on the go, wherever business people are. Record-keeping is often an add-on to day-to-day running of small businesses and the apps will hopefully help to make it an integral part of the business.’
HMRC worked with the Business Application Software Developer Association (BASDA) and independent developers to facilitate the development of the record-keeping apps.
The apps are part of an ongoing campaign beginning in 2012/13 to help small businesses with their record-keeping obligations.
For a list of the developers with available apps, visit HMRC .