Moneyhub has launched a tool to help landlords file their HMRC Self-Assessment UK property (SA105) form.
The firm’s Data & Intelligence APIenables landlords to categorise transactions on the platform that relate to their property or other projects, meaning filling out income and expenditure details can be done quickly, and accurately.
The innovation is also designed to reduce the chance of errors being made within tax returns. According to HMRC, 11.7m individuals were required to fill in a Self-Assessment tax return for the financial year 2018/19.
Dan Scholey, COO at Moneyhub, said: “Moneyhub isn’t just about aggregating and enhancing financial data, we help our clients to go to market faster with innovative features they don’t have to develop themselves. With this latest API, innovators have the power to truly revolutionise their clients’ experience when it comes to completing tax returns.
Open Banking and Open Finance have the power to simplify financial management across the board and we are constantly innovating to do just that.”
Other recent features available via Moneyhub’s API include ‘Projects’ which allows users to track and monitor all transactional activity and assets related to specific projects. Moneyhub has also launched ‘Transaction Attachment’, enabling users to easily upload, store and access attachments linked to transactions, such as photos, receipts, and warranties.