BASDA, the UK-based Business Application Software Developers’ Association, has driven a collaboration opportunity with HM Revenue and Customs (HMRC) who are actively seeking to support some 3/4 million businesses – sole traders, partnerships and sub-contractors (under the Construction Industry Scheme) – by encouraging good record keeping and so reduce the risk of compliance issues (which could result in penalties) and general improved business management.
BASDA brought a number of vendors to the table (with HMRC) – including several non-BASDA members, given the relevance to a number of developers – and with strong support from HMRC, the scope and delivery of such apps was agreed and eight software vendors have provided their apps for the launch date – 16th April.
The apps, which are mostly free, complement existing HMRC record-keeping guidance and tools. They aim to help micro businesses and the self-employed who are below the VAT threshold maintain good records and estimate what their tax liability might be.
Kevin Hart, Chairman of BASDA, comments:
“BASDA and the participating software vendors welcomed the strong support and encouragement from HMRC, which was lead from executive level, to aid the development of these mobile apps. A considerable number of sole traders, sub-contractors and budding entrepreneurs use Smart phones as a day-to-day business tool and these new apps provide a practical way to maintain good business records, freeing-up time for them to focus on their business.”
The apps are part of an ongoing HMRC campaign beginning in 2012/13 to help small businesses with their record-keeping obligations.
BASDA members Forbes Computer Systems Ltd, FreeAgent Central Ltd, Intuit and Sage now have mobile apps available.
Further information is available on the HMRC website
For more information, contact info@basda.org