Peseta Limited

Peseta App: Simplifying Work Expense Tracking for UK Tax Relief

Peseta is a user-friendly mobile application designed to assist UK employees and self-employed individuals in efficiently tracking work-related expenses, facilitating the process of claiming tax relief through the HMRC P87 form.

Key Features:

→ Receipt Management: Capture and upload photos of receipts, categorising them according to HMRC-approved expense types such as mileage, uniforms, tools, and professional subscriptions.

→ Real-Time Expense Monitoring: Keep track of your allowable expenses throughout the tax year, providing insight into potential tax relief amounts.

→ Automated Summary Reports: At the end of the fiscal year, generate a comprehensive, categorised summary of your expenses, ready to assist in completing the P87 form.

→ Compliance with HMRC Guidelines: Aligns with the latest HMRC requirements, ensuring that your expense tracking meets current standards for evidence and documentation.

Benefits:
↻ Time-Saving: Streamlines the process of collecting and organising expense information, reducing the time spent on manual record-keeping.

↻ Cost-Effective: Offers an affordable solution for managing work-related expenses, particularly beneficial for those not reimbursed by employers.

↻ User-Friendly Interface: Designed with simplicity in mind, making it accessible for users with varying levels of tech proficiency.

↻ Secure Data Handling: Ensures that your personal and financial information is handled with the utmost security and privacy.

Ideal Users:
⇌ Employees on PAYE: Particularly those incurring unreimbursed work expenses, such as uniforms or professional fees.
⇌ Self-Employed Individuals: Who need to maintain accurate records of business expenses for tax purposes.
⇌ Freelancers and Contractors: Seeking an organised method to track expenses across multiple clients or projects.

Future Developments:
⇉ Optical Character Recognition (OCR): Upcoming features include OCR technology to automatically extract information from receipts, further simplifying the categorisation process.

⇉ AI Tax Assistant: Plans to integrate an AI-driven assistant to provide personalised guidance on P87 form completion and expense eligibility.

Peseta is committed to making the process of claiming work-related tax relief as straightforward as possible, empowering users to maximise their entitlements with minimal hassle.