Record Keeping for Business – Mobile Apps
As previously mentioned, HMRC have been working with the IT software development industry on the provision of mobile record keeping applications (apps) for small businesses and the self-employed (who are under the VAT threshold). These basic apps can be used on smartphones to record transactions in real time, including taking a photo of receipts.
These apps are proving popular. HMRC have informed us that, at the last count, there had been more than 5,600 apps downloads.
Members with clients using the apps may want to check them out so they can advise their clients on their use and how accurate the calculation of the ‘tax due’ may be.
More information is at: http://www.hmrc.gov.uk/softwaredevelopers/mobile-apps/record-keeping.htm
2 May 2012