Recognised by HMRC for Making Tax Digital
Monzo Business (MTD for Income Tax)
A business current account from Monzo with free MTD for Income Tax software built in, powered by Sage, so sole traders and landlords can send quarterly updates and their end of year return from the banking app.
iOS, Android
In HMRC’s software finder since 18 December 2025. About this date
HMRC’s software list says Monzo Business (MTD for Income Tax) covers sole trader and UK property income and can send your tax return. What HMRC’s list says
Who Monzo Business (MTD for Income Tax) suits
Sole traders and landlords happy to keep their business money in a Monzo Business account, people who want free MTD filing from the same app they bank with, and people on the cash basis who do not need to share the MTD tool with an accountant.
Plans and prices
| Plan | Price | Notes |
|---|---|---|
| Lite | Free |
|
| Pro | £9/mo |
|
| Team | £25/mo |
|
Good to know
Monzo's MTD tool is part of the Monzo Business current account rather than a separate product, so you need to open that account to use it. Monzo says the tool comes with all three plans as standard and handles digital records, quarterly updates and the end of year tax return for sole traders and landlords, which makes the free Lite plan enough for MTD on its own. Pro and Team add banking extras such as Tax Pots, invoicing and pulling in transactions from other accounts. Monzo's plans page says only UK sole traders and limited company directors can apply for an account, while its MTD page also mentions landlords, so a landlord with no trading business may want to check eligibility with Monzo before applying. Monzo also says the tool does not support the accruals basis, VAT returns or working with an accountant inside the tool. We did not find anything about furnished holiday lets, jointly owned property, several properties or mileage. Monzo does not say whether its plan prices include VAT. The tool runs in the Monzo app for iPhone and Android, and we did not find it listed among the things the lighter web app can do. We checked this on 25 October 2026.
What it can do
‘No’ means Monzo Business (MTD for Income Tax)’s own pages did not show it when we checked on 25 October 2026. The product may still do it, so ask Monzo Business (MTD for Income Tax) if it matters to you.
‘Not stated’ means Monzo Business (MTD for Income Tax)’s own pages said nothing about it either way when we checked.
What Monzo Business (MTD for Income Tax) works with
- Bank feeds
- Your Monzo Business transactions are already in the app, and on Pro and Team other bank accounts and cards can be added through Open Banking, including Lloyds, Barclays and HSBC. Monzo Business (MTD for Income Tax)’s page about bank feeds
- Receipts
- Take a photo of a receipt and attach it to the transaction in the Monzo app, on every plan. Monzo Business (MTD for Income Tax)’s page about receipts
- Your accountant
- On Pro and Team the account shares transactions daily with Xero, FreeAgent, Sage or QuickBooks, although the MTD tool itself does not support working with an accountant. Monzo Business (MTD for Income Tax)’s page about working with an accountant
- Payroll
- Not stated
- Spreadsheets
- On Pro and Team, auto-exports add your transactions and receipts to a Google Sheet and save statements to Google Drive or Microsoft OneDrive. Monzo Business (MTD for Income Tax)’s page about spreadsheets
We read this on Monzo Business (MTD for Income Tax)’s own pages on 25 October 2026. ‘Not stated’ means Monzo Business (MTD for Income Tax)’s own pages said nothing about it either way.
What HMRC’s software list says about Monzo Business (MTD for Income Tax)
HMRC’s software list says Monzo Business (MTD for Income Tax) can send your tax return. HMRC’s list marks each feature as available now or intended for later. ‘Not stated’ means HMRC’s list says nothing about that feature for Monzo Business (MTD for Income Tax) either way. This is what HMRC’s list says, not something we have tested ourselves, and the same answers for every product on HMRC’s list are set out together.
Who HMRC lists it for
- Individuals
- Available
- Agents, such as accountants
- Not stated
- Sole trader income
- Available
- UK property income
- Available
- Sending quarterly updates
- Available
Your tax return and other income
- Sending your tax return
- Available
- Foreign property
- Not stated
- Construction Industry Scheme (CIS)
- Intended
- Employment (PAYE)
- Intended
- UK dividends
- Intended
- UK interest
- Intended
- Capital gains
- Intended
How it works
- Bridging software that connects to your records
- Not stated
- Calendar update periods (1 April to 31 March)
- Available
- A free version
- Available
- Welsh language
- Not stated
Accessibility
- Blindness or impaired vision
- Not stated
- Deafness or impaired hearing
- Not stated
- Motor or physical difficulties
- Not stated
- Cognitive impairments
- Not stated
This is HMRC’s list as it stood on 30 October 2026. A date beside a feature is when HMRC’s list changed it from intended to available. HMRC’s software finder shows the current answers. How we read HMRC’s list
What HMRC’s Self Assessment software list says about Monzo Business (MTD for Income Tax)
If you are sending a Self Assessment return for the 2025 to 2026 tax year, HMRC keeps a separate list of commercial software for that yearly return, apart from its MTD software list.
HMRC’s Self Assessment software list, as we read it on 31 October 2026, names no product from Monzo Bank Limited, the company that provides this software.
GOV.UK last updated HMRC’s list on 23 October 2026, and we read it on 31 October 2026. HMRC does not endorse Acrenvo or any product in its list. HMRC’s list of software for your Self Assessment return
Questions about Monzo Business (MTD for Income Tax) on HMRC’s lists
Is Monzo Business (MTD for Income Tax) on HMRC’s software list for Making Tax Digital?
HMRC’s software list for Making Tax Digital for Income Tax, as it stood on 30 October 2026, includes Monzo Business (MTD for Income Tax). It has been in HMRC’s software finder since 18 December 2025.
Does HMRC’s software list show Monzo Business (MTD for Income Tax) as able to send your tax return?
HMRC’s software list as it stood on 30 October 2026 marks sending your tax return as “Available” for Monzo Business (MTD for Income Tax).
We checked these prices on Monzo Business (MTD for Income Tax)’s website on 25 October 2026. How we compare products
If a price or plan here has changed, please tell us at hello@acrenvo.com and we will check it on Monzo Business (MTD for Income Tax)’s own site.
Once you have chosen, the guide After choosing software: getting it ready for MTD, as GOV.UK explains covers the steps that come next.