ablender
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Post by ablender on Mar 5, 2017 13:42:57 GMT
When is ABL ablrateandy going to implement an automatic tax statement?
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pom
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Post by pom on Mar 5, 2017 14:22:47 GMT
When is ABL ablrateandy going to implement an automatic tax statement? Think you want to be chasing the boss instead... ablrate
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Post by ablrate on Mar 6, 2017 15:20:04 GMT
Its coming... we are in the process of cleaning up the SM comments section so that extracting data is easier, and this impacts that tax statement. If you need one in the meantime, just get hold of customerservices@abl... they can sort one for you..
sorry for the dealy, but we have taken the opportunity to do some cleaning up..
Regards Ablrate
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unmadem
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Post by unmadem on Mar 6, 2017 17:14:49 GMT
Its coming... we are in the process of cleaning up the SM comments section so that extracting data is easier, and this impacts that tax statement. If you need one in the meantime, just get hold of customerservices@abl... they can sort one for you.. sorry for the dealy, but we have taken the opportunity to do some cleaning up.. Regards Ablrate aye well , I have lost count of how many times it has been promised on the phone and on this forum since it was first raised in december 2014. Hope this year you can managed it but I thought that last year. Just about the most disappointing aspect of the platforms performance since startup, apart from maybe the lack of aircraft loans but I can accept that is beyond their control. The production of a tax statement certainly shouldn't be !!!
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hazellend
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Post by hazellend on Mar 6, 2017 17:27:34 GMT
They've just said you can get a tax statement on request so there is a reasonable compromise
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Post by ablrate on Mar 6, 2017 18:26:49 GMT
I appreciate it been promised... but thereis no point us bringing one out half baked... If its going to be there it needs to include everything and to do that we have to rejigg certain things to make the financial history much better for all.
sorry Regards Ablrate
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blender
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Post by blender on Mar 6, 2017 18:52:51 GMT
Well, that's raised expectations for accrued interest on SM purchases for 2016/7 fiscal.
BTW. Funding Circle has 655 employees, with 91 in the 'technology team'. That's a lot of overhead and numerous opportunities to screw up the code.
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Post by GSV3MIaC on Mar 7, 2017 19:55:13 GMT
91 ought be enough to unscrew it, but actually they've just made it all very inscrutable. Perhaps the vast majority are working on the major re-write, or the AI system to replace management I/O on their communication channels?
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stevio
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Post by stevio on Apr 2, 2017 21:36:07 GMT
I appreciate it been promised... but thereis no point us bringing one out half baked... If its going to be there it needs to include everything and to do that we have to rejigg certain things to make the financial history much better for all. sorry Regards Ablrate Now you've got the FCA approval and have little more time on your hands Are we any closer to this? You mention, has to include everything, most of us just need know what figure for interest your sending to HMRC. Maybe start from there, simple, so you have something, then work your way up FCA is great, but if you still let people down with the relatively simple stuff, reputation goes in the opposite direction...
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Post by ablrate on Apr 12, 2017 8:27:46 GMT
I appreciate it been promised... but thereis no point us bringing one out half baked... If its going to be there it needs to include everything and to do that we have to rejigg certain things to make the financial history much better for all. sorry Regards Ablrate Now you've got the FCA approval and have little more time on your hands Are we any closer to this? You mention, has to include everything, most of us just need know what figure for interest your sending to HMRC. Maybe start from there, simple, so you have something, then work your way up FCA is great, but if you still let people down with the relatively simple stuff, reputation goes in the opposite direction... It is on the demo server, we are loading it up to live at some point today, subject to the testing being OK
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Post by ablrate on Apr 12, 2017 11:51:06 GMT
OK it is live ojn the site... not perfect... so be gentle.. we are working on it
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SteveT
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Post by SteveT on Apr 12, 2017 12:42:06 GMT
OK it is live ojn the site... not perfect... so be gentle.. we are working on it Thanks. As you mentioned in the Update email, an obvious "still to come" is a "minus Total Accrued Interest paid by you" entry. In the meantime, a couple of formatting tweaks: a) For some reason, my address is shown starting with a stray 0 (possibly picking up an empty "House Number" field?) b) The window that opens after I click "Generate Statement" isn't big enough for the 2 blue buttons at the bottom to be visible (using Chrome in Win10). I can just click on the top edge so have worked out the the right hand one generates a PDF and presumably the left-hand one is just Cancel.
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Post by ablrate on Apr 12, 2017 13:02:41 GMT
will get them to sort the css
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blender
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Post by blender on Apr 12, 2017 13:58:36 GMT
OK it is live ojn the site... not perfect... so be gentle.. we are working on it Thanks. As you mentioned in the Update email, an obvious "still to come" is a "minus Total Accrued Interest paid by you" entry. In the meantime, a couple of formatting tweaks: a) For some reason, my address is shown starting with a stray 0 (possibly picking up an empty "House Number" field?) b) The window that opens after I click "Generate Statement" isn't big enough for the 2 blue buttons at the bottom to be visible (using Chrome in Win10). I can just click on the top edge so have worked out the the right hand one generates a PDF and presumably the left-hand one is just Cancel. I don't get any Ablrate emails. What does it say please about the accrued interest paid, please? That's the only part I really need.
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rogerbu
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Post by rogerbu on Apr 12, 2017 14:05:51 GMT
Thanks @ablerate.
On my tax Statement you quote a 'Report to HMRC' figure made up of 'Total Interest' minus ' (Total) Bad Debt'
I need to point out that the Bad Debt can be set off against all P2P interest in this Tax Year (16/17) and a further 3 Tax Years (ie upto 20/21 19/20 Sorry can't count upto 4). So it may not be correct to instruct me to report all the 'Bad Debt' this tax year as it may not be the best way for me to use the 'Bad Debt' amount.
For example, it is worth pointing out that if someone uses all the 'Bad Debt' this tax year (16/17) and you are successful in recovering some Capital, then HMRC will claw back some (or all) of the 'Bad Debt' used. So it might be prudent to only use some of the Bad Debt in Tax Year 16/17.
I assume that you will be continuing to aggressively attempt to recover the defaulted loan?
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