When I was a contractor, I set up a Ltd company in the UK and had a really hard time working out which software could do my reports for me. I just wanted something that could easily make documents that would be accepted by HMRC.
The UK tax system is incredibly lenient in my experience. They're happy to help you out with any problems or mistakes you make. You just need documents filed on time in the correct format. But it was a nightmare working out which software could export the correct format for me, so I ended up just paying for Xero in the end.
£28/month for a small business, that's over £300 a year I could save if something open-source was well document and said on the website that it supported UK tax documents. But I didn't have the time to download every option, put in a bunch of fake data, and then inspect the report against the HMRC guidelines.
When I was a contractor, I set up a Ltd company in the UK and had a really hard time working out which software could do my reports for me. I just wanted something that could easily make documents that would be accepted by HMRC.
The UK tax system is incredibly lenient in my experience. They're happy to help you out with any problems or mistakes you make. You just need documents filed on time in the correct format. But it was a nightmare working out which software could export the correct format for me, so I ended up just paying for Xero in the end.
£28/month for a small business, that's over £300 a year I could save if something open-source was well document and said on the website that it supported UK tax documents. But I didn't have the time to download every option, put in a bunch of fake data, and then inspect the report against the HMRC guidelines.