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HMRC Compliant

Applied machine learning delivers accurate and supportable claim outputs.

  • Based on live project data since 2014 totalling over £16 billion
  • Automatically identifies relevant legislation based on date of expenditure
  • Standardised approach to report format
  • Reconciles all reports to client accounting periods
  • Provides claim reports to an industry accepted benchmark
  • Provides the User with 3 coding options for every data entry, see example below:

Here the description is clear so the AI is 100% confident:

Descriptions Confidence Option 1 Option 2 Option 3
Air conditioning unit 100% HVAC CW SBA

An item can be more than one code, it allows the user to make the final decision:

Descriptions Confidence Option 1 Option 2 Option 3
Repair roof with new
thermally
insulated panels		 56% TI REV SBA

Maximise Claim Values

Veritapp can analyse lump sum building costs, significantly increasing claim values.

  • Enables detailed claims on single lump sum invoices where no details
  • Enables claims on lump sum invoices based on industry accepted building cost models
  • Codes data based on over 100 years of capital allowances experience
  • The AI provides a confidence level to assist user making right choice

For example

Services single lump sum payment £50,000 Veritapp cost split £0
Electrical distribution £6,000 Special rate pool
Fire alarm £2,000 Main pool
Building management £1,000 Main pool
Security & data £2,500 Main pool
Air conditioning £20,000 Special rate pool
Hot and cold water £10,000 Special rate pool
Sanitaryware £5,000 Main pool
Waste pipework £3,500 Structures and Buildings Allowance
TOTAL £50,000

Saves time, increase profitability

Removes manual data entry producing supportable claim outputs in seconds.

  • Works with the information you already have
  • Tax codes the expenditure in seconds
  • Uses industry accepted fully detailed claim report templates
  • Save all capital allowance claim reports and support in one place