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.
Further information is available on the HMRC website
For more information, contact: Lynne Wallis