james
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Post by james on Apr 2, 2016 14:27:27 GMT
Certainly would be nice.
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rogerbu
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Post by rogerbu on Apr 2, 2016 18:35:47 GMT
Am I being simply. Whats wrong with screen scraping Ablrate's front page on the 5th April with 'Last 12 months interest earned'.
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guff
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Post by guff on Apr 2, 2016 18:49:51 GMT
In the absence of anything more sophisticated (like a button with a bit of code) that's all I'll be doing. If I remember.
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Post by gusgorilla on Apr 3, 2016 12:47:02 GMT
I'm invested in 14 P2P platforms and ABLRate is 1 of only 2 that does not provide either a full downloadable tax statement or a customisable reporting system flexible enough to create one. The other laggard is Unbolted, which is small and quite new.
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treeman
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Post by treeman on Apr 3, 2016 19:39:21 GMT
Am I being simply. Whats wrong with screen scraping Ablrate's front page on the 5th April with 'Last 12 months interest earned'. I would assume that 'instant returns' would need to be added to the 'interest earned ?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 3, 2016 20:07:19 GMT
Am I being simply. Whats wrong with screen scraping Ablrate's front page on the 5th April with 'Last 12 months interest earned'. I would assume that 'instant returns' would need to be added to the 'interest earned ? Not necessarily, I believe the current understanding is that as that is paid by Ablrate not the borrower it counts as an inducement to lend & is therefore not taxable. It is subject to debate though. p2pindependentforum.com/post/50589/threadp2pindependentforum.com/post/104118/thread
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Post by gusgorilla on Apr 4, 2016 8:00:14 GMT
Am I being simply. Whats wrong with screen scraping Ablrate's front page on the 5th April with 'Last 12 months interest earned'. Things wrong: 1. You are meant to keep a record for the tax people and the front page has no current date so screen shot no good. 2. If you miss 5 April you are screwed. 3. No indication on this screen of tax deductible losses.
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treeman
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Post by treeman on Apr 4, 2016 8:28:03 GMT
Thanks ilmoro, I will stick with the 'interest earned' total. A tax statement on site would really help though.
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james
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Post by james on Apr 4, 2016 10:40:56 GMT
1. You are meant to keep a record for the tax people and the front page has no current date so screen shot no good. 2. If you miss 5 April you are screwed. 3. No indication on this screen of tax deductible losses. 1. So put the date in there somehow, perhaps by opening another window with the statement to show matching balances. If HMRC asks and disputes it I'm sure that Ablrate customer service will be happy to provide confirmation direct to HMRC or to you for HMRC's attention. More likely is that HMRC won't ask or wont ask until after Ablrate has a more proper statement available. After all, many of us are going to have to wait a month or three for end year statements from other places like Zopa or even just banks and such so it's hardly news that there can be delays. 2. Just deduct the payments made later and even without doing that there might not be a payment for several days after the key moment. 3. No deductible losses so that bit is easy. It's not perfect but it's one of the ways of getting the job done and HMRC is not unduly fussy about corrections made later. Someone with a few hundred Pounds of interest difference and not in self-assessment could probably just include the correction on next year's letter/call to HMRC without any trouble at all from HMRC. Those of us in SA get to tell HMRC whenever we decide it's appropriate based on amounts and information being gathered as well as any payments on account requirements. Not a lot of chance of any grief there either if we use the Ablrate numbers or any justifiable alternative.
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guff
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Post by guff on Apr 4, 2016 19:05:47 GMT
Am I being simply. Whats wrong with screen scraping Ablrate's front page on the 5th April with 'Last 12 months interest earned'. Things wrong: 1. You are meant to keep a record for the tax people and the front page has no current date so screen shot no good. The "Secured by Thawte" box on my dashboard has a date stamp. Am I being simply. Whats wrong with screen scraping Ablrate's front page on the 5th April with 'Last 12 months interest earned'. Nothing as long as you ask ablrate's permission - "No portion of this website may be reproduced or copied without the prior written consent of XXXXXXX". EDIT: Quote redacted to avoid reproducing the website without written consent!
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Apr 5, 2016 19:58:17 GMT
I don't give a s*** about their consent. Now I'm infuriated. I'm generating statements / transaction logs for the taxman and ABL is the WORST (out of ABL, SS, MT, FS, FC, RS).
No list of all transactions on one page No export of transactions No tax statement
Although I made screenshot of the homepage which gives me the last 12 months of interests. Made screenshot of my Mac together with system clock in the corner. Will have to do the job.
I'm too lazy to export all the pages in My Financial Account one by one, import to excel and do manipulations to come up with a number.
I would volunteer and fix it for free for them. But unfortunately this is in ASPX which is not my strongest skill.
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blender
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Post by blender on Apr 5, 2016 21:00:15 GMT
To suggest that Ablrate might object to a customer taking a screenshot of their own account dashboard for the purpose of supporting a tax return is just plain silly (and I am an expert in silly).
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Post by ablrateandy on Apr 5, 2016 22:14:27 GMT
To be clear, we have no problems with screenshots, though the question is probably technically right.
Please note that the Total Interest Earned currently reflects payments made from the borrower to you AND accrued interest received upon sales in the secondary market. We are aware that this may not be what some people will declare and are awaiting accountants' approval to roll out an on-demand breakdown.
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stevio
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Post by stevio on Apr 6, 2016 7:42:18 GMT
Thanks ablrate ablrateandy but I think your missing (or ignoring) the main frustration - no export of trams actions or tax statement - even the very basic P2P websites have this. It's not very technical to achieve or costly and people have been asking for this for a long time We all like your platform! But are frustrated at it not doing the basics
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Apr 6, 2016 9:12:24 GMT
Sorry for my earlier rant but it was late and I was tired. Other platforms have at least something and they provide me a PDF with tax statement. Not sure all will be enough for my accountant but good start.
At least ability to have a list of all transactions on one page. That should not be a lot of work. You can then improve from there: csv export, date filtering, tax statement on the page, pdf version of the latter ...
Surprisingly the best IMHO is from FC which gives interests, fees, bad debt and recoveries (but no cashback - but maybe by design as it is not taxable?).
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