TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

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Record Keeping Help for Small Business

HMRC announced last month that it has been working with the IT software development industry to facilitate the provision of simple mobile record keeping applications for small businesses and the self-employed who are below the VAT threshold. The first of these applications are available now.

These applications are intended to help maintain good records and include links to HMRC guidance related to record keeping. The companies listed have advised HMRC that they have commercial mobile applications for record keeping that meet the HMRC specification. The list will be updated as necessary on a regular basis.

HMRC also advise that the inclusion on the list of any trader or trade organisation does not imply any support, recommendation or certification of their software by HMRC. Nor have HMRC carried out any testing of the listed applications and nor any form of security testing of developer products or services.

More information is available at http://www.hmrc.gov.uk/softwaredevelopers/mobile-apps/record-keeping.htm