Autumn Budget 2017 App Update

 

Downing Street

 

Last Wednesday, Chancellor Philip Hammond revealed the UK Autumn Budget. The MyFirmsApp team were watching live and waiting to react.

This resulted in immediate changes being made less than 24 hours after the announcement.

Due to the abolishment of Stamp Duty for first-time buyers, new Stamp Duty text has been added within the ‘More Info’ section and in the disclaimer at the bottom of the Stamp Duty results screen explaining that the calculator does not apply to first-time buyers.

The title of the Stamp Duty calculator has also been changed to reflect that it is not applicable for first-time buyers. Please see the screenshots below:

 

Stamp Duty

The following tax tables were then updated in-App over the next 24 hours:

  • Apprenticeship Levy
  • Basic State Pension
  • Capital Gains Tax
  • Car and Fuel Benefit
  • Corporation Tax Rates
  • Income Tax Allowances
  • Income Tax Rates
  • Inheritance Tax
  • ISA’s
  • National Insurance Contributions
  • Registered Pensions
  • Stamp Taxes on Property
  • Tax Credits
  • Annual Tax on Enveloped Dwellings
  • Charitable Giving
  • Main Capital and Other Allowances
  • Universal Credit Intro Rates
  • Seed Enterprise Investment Schemes (SEIS)
  • Enterprise Investment Scheme (EIS)

Further adjustments will be required to some calculators, but not until the new tax year, so these changes will be made then.

Just imagine how impressed your clients would be if you could respond as swiftly as that to the next Budget!

If you would like any further information, please do not hesitate to get in touch >>

 

Categories: Android, Apps, Blog, iPhone

Connor Mullins

Connor Mullins | [email protected]

Connor specialises in marketing and customer enablement, handling App calls and providing a key service to ensure clients can promote their App effectively using a range of marketing strategies.

MyFirmsApp provide the world’s leading App solution for Accountants and Bookkeepers, and Connor helps professional service firms in overseeing the progress of their App project and helping them to drive engagement with their clients, and getting the most from Push Notifications to drive interaction.

Connor and the team at MyFirmsApp™ recognise that unless firms have their own App, they will concede control over their clients to these third parties. By putting accountants first and creating an affordable and effective App that will help them remain the anchor in this mobile relationship, MFA is helping thousands of firms protect their client database, save time, generate referrals and create new client relationships.

His experience and skills through having a BA Hons degree in journalism are invaluable to the team.