All software / My Business Finances, powered by Sage
My Business Finances, powered by Sage
Visit My Business Finances, powered by Sage websiteView HMRC listing
Our notes
My Business Finances is MTD for Income Tax software built into HSBC UK Business Internet Banking and powered by Sage, for non-VAT-registered sole traders and landlords who bank with HSBC UK.
Pros
- Built into HSBC UK Business Internet Banking; transactions categorised automatically
- 12 months free for customers who sign up by 30 June 2027
- Estimated tax position after the first quarterly update
Cons
- Only for eligible HSBC UK Small Business Banking or Business Banking customers
- Not available to VAT-registered businesses
- Transactions from other banks must be added by hand; only one primary user
- Once you leave you cannot resubscribe
Price
Prices can change without notice, so confirm with the provider before you buy. Spotted an error? Email us.
- Cheapest MTD-capable plan
- My Business Finances
- Per month
- £5.99
- Per year
- unknown
- VAT
- ex VAT (£5.99+VAT per month)
- Notes
- '12 month free introductory offer period' for sign-ups up to 30 June 2027, then '£5.99+VAT per month'. 'Offer may be withdrawn at any time.' No yearly price published.
Really free?
- Quarterly updates free
- no (free only during the 12-month introductory offer)
- Tax return (final declaration) free
- unknown (page says 'Send quarterly updates and file taxes to HMRC' but does not name the final declaration)
- Limits
- Non-VAT-registered sole traders only; GBP HSBC UK business account must be the primary account.
- Bank account condition
- Requires an HSBC UK Small Business Banking Account or Business Banking account
- Time limit
- 12-month introductory offer, available to sign-ups up to 30 June 2027
Checked 18 Oct 2026. Sources:www.business.hsbc.uk
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 | Not included |
|---|---|
| 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) | Not included |
| 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 | Ready now |
|---|---|
| Deafness or impaired hearing | Ready now |
| Motor or physical difficulties | Ready now |
| Cognitive impairments | Ready now |
Platform
| Software type | Web browser |
|---|---|
| Compatible with | Microsoft Windows Mac OS Linux |
| Language | English |