123 Sheets review
Bridging (keep your spreadsheet) · by 123 Sheets · HMRC-recognised
Bridging software. If you already live in a spreadsheet, you keep it and 123 Sheets just submits the quarterly updates — by far the cheapest way to comply.
Our verdict
If you already live in a spreadsheet, 123 Sheets is about the cheapest way to comply: you keep your spreadsheet and it just submits the quarterly updates to HMRC. One licence covers multiple trades and property lets. The trade-off is that it does nothing else — no bookkeeping, no automation. For spreadsheet diehards on a budget, that's exactly the point.
At a glance
- Self-employment
- Yes
- Property / rent
- Yes
- Keeps your spreadsheet
- Yes
- Accountant access
- Yes
- Price verified
- 2026-08-03
- HMRC status
- Recognised
Plans & true annual cost
| Plan | Self-emp. | Property | Per year (incl. VAT) |
|---|---|---|---|
Income Tax Bridging: you keep your own spreadsheet, it files to HMRC. One licence covers multiple trades and property lets. | ✓ | ✓ | £23.70/yr £19.75/yr ex-VAT |
Offer: 50% off the first year.
Pros & cons
What's good
- Among the cheapest ways to meet MTD (check the first-year offer above)
- Keep your existing spreadsheet — nothing new to learn
- One licence covers multiple trades and property lets
- Agent access; HMRC-recognised
What's not
- Pure bridging — no bookkeeping, automation or bank feeds
- You stay responsible for keeping the spreadsheet accurate
- Not suitable if you want help categorising or understanding figures
Who it's for
- Spreadsheet diehards
- People who want the lowest possible price
…and who should look elsewhere
- People who don't keep a spreadsheet and want guidance
- Anyone wanting automation or proper bookkeeping
- Those who'd rather not maintain their own records
Common mistakes to avoid
- Choosing bridging if you don't actually keep digital records yet
- Assuming the first-year offer price is the ongoing price
Frequently asked questions
- What is bridging software?
- It lets you keep your own spreadsheet and digitally submits the figures to HMRC for MTD, without moving to full accounting software.
- Is 123 Sheets the cheapest MTD option?
- It's one of the cheapest; check the true annual cost and first-year offer above against the other bridging tools.
- Does one licence cover both a trade and a rental?
- Yes — a single licence covers multiple trades and property lets.
- Do I still keep my own records?
- Yes; bridging files your figures but you remain responsible for the spreadsheet.
Alternatives to consider
Bridging that lives inside Excel or Google Sheets itself.
Genuinely free, and files from a spreadsheet too.
If you'd rather a simple app kept the records for you.
Compare 123 Sheets with
See 123 Sheets ranked
Pricing for 123 Sheets was last verified on 3 August 2026 against the vendor's page; the catalogue was reconciled 3 August 2026. Its cheapest plan's true annual cost is £23.70/year. Links are affiliate links and never affect ranking. Not affiliated with HMRC; not tax advice.