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Monzo
Visit Monzo websiteView HMRC listing
Our notes
Monzo Business includes a free HMRC-recognised MTD Income Tax tool, built on Sage technology, for sole traders and landlords, covering quarterly updates and the tax return. It doesn't support accruals, VAT or accountant access.
Pros
- Free with a no-fee Monzo Business account
- Quarterly updates and tax return
- Sole traders and landlords
Cons
- Must bank with Monzo
- No accruals, VAT or accountant collaboration
- Tax Pots need paid plan (£9/mo+)
Price
Prices can change without notice, so confirm with the provider before you buy. Spotted an error? Email us.
- Cheapest MTD-capable plan
- Monzo Business – MTD tool
- Per month
- Free
- Per year
- Free
- VAT
- n/a
- Notes
- Built into Monzo Business accounts 'as standard'; plans start at no monthly fee. Pro/Team from £9/mo add Tax Pots etc.
- Landlord pricing
- included. 'Made for sole traders and landlords'.
- Agent/accountant pricing
- no. Monzo: 'We won't support … collaborating with accountants'.
Really free?
- Quarterly updates free
- yes
- Tax return (final declaration) free
- yes (HMRC lists tax return; Monzo: send quarterly updates and submit your tax return)
- Limits
- Cash basis only (no accruals); no VAT; no accountant collaboration. Built on Sage technology.
- Bank account condition
- Requires a Monzo Business account
- Time limit
- None stated
Landlords and spreadsheets
- Jointly owned property
- unknown. No vendor evidence.
- Excel bridging
- n/a
- Google Sheets bridging
- n/a
- CSV import
- n/a
- Bridging notes
- Not bridging software (HMRC listing: bridging 'Not included').
Checked 17 Oct 2026. Sources:monzo.com
HMRC listing
What the software provider has told HMRC. “In development” means the provider has committed to building it in time for the 2026 to 2027 tax return.
Features
| Free version | Ready now |
|---|---|
| Agent software | Not included |
| Individual software | Ready now |
| Software that creates digital records | Ready now |
| Bridging software that connects to records | Not included |
| Standard update period (6 April to 5 April) | Ready now |
| Calendar update period (1 April to 31 March) | Ready now |
| Making Tax Digital for VAT | Not included |
| HMRC Assist (Submission Feedback) | Not included |
Business income
| Sole trader | Ready now |
|---|---|
| UK property | Ready now |
| Foreign property | Not included |
Other income sources and items
| Employment (PAYE) | In development |
|---|---|
| UK dividends | In development |
| State Pension income | In development |
| Private pension incomes | In development |
| Partner income from a partnership | In development |
| Foreign dividends | In development |
| Foreign interest | In development |
| Private pension contributions | In development |
| Construction Industry Scheme | In development |
| Charitable giving | In development |
| Capital Gains | In development |
| Student Loan | In development |
| Marriage Allowance | In development |
| Voluntary Class 2 National Insurance | In development |
| High Income Child Benefit Charge | In development |
| UK interest | In development |
Accessibility
| Blindness or impaired vision | Not included |
|---|---|
| Deafness or impaired hearing | Not included |
| Motor or physical difficulties | Not included |
| Cognitive impairments | Not included |
Platform
| Software type | Desktop application Web browser |
|---|---|
| Compatible with | Microsoft Windows Mac OS Linux |
| Mobile App | Android Apple iOS |
| Language | English |