Lloyds Bank
Full cloud accounting · by Lloyds Bank · HMRC-recognised
Free MTD for Income Tax tool (powered by BankiFi) built into the Lloyds Business Account. Income and expenses pull through from your Lloyds banking, with quarterly updates and end-of-year filing to HMRC at no extra cost.
Our verdict
Lloyds includes a free MTD for Income Tax tool (powered by BankiFi) with its Business Account, accessed through Online for Business — your income and expenses pull through from your banking, and you file quarterly updates and the year-end without separate software. It's only available to Lloyds Business customers, but for self-employed people and landlords who bank with Lloyds, it's a genuinely free, built-in route to compliance.
At a glance
- Self-employment
- Yes
- Property / rent
- Yes
- Keeps your spreadsheet
- No
- Accountant access
- No
- Price verified
- 2026-07-01
- HMRC status
- Recognised
Plans & true annual cost
| Plan | Self-emp. | Property | Per year (incl. VAT) |
|---|---|---|---|
Free Free MTD for Income Tax tool (powered by BankiFi) included with a Lloyds Business Account via Online for Business: digital records, quarterly updates and end-of-year filing. Covers self-employment and UK property. | ✓ | ✓ | £0 |
Can be free: Free with your Lloyds Business account.
Pros & cons
What's good
- Free with a Lloyds Business Account — no subscription
- Built into Online for Business banking
- Income and expenses pull through automatically
- Covers self-employment and UK property income
What's not
- Only available to Lloyds Business customers
- Accessed through Lloyds online banking rather than a standalone app
- No foreign-property support
Who it's for
- Lloyds Business customers
- Sole traders and landlords who want filing inside their bank
Frequently asked questions
- Is the Lloyds MTD tool free?
- Yes — it's included with a Lloyds Business Account at no extra cost.
- Can I use it without a Lloyds account?
- No — it's built into the Lloyds Business Account via Online for Business.
- Does it cover landlords?
- Yes — self-employment and UK property income.
- Is it HMRC-recognised?
- Yes, for MTD for Income Tax.
Pricing for Lloyds Bank was last verified on 1 July 2026 against the vendor's page; the catalogue was reconciled 1 July 2026. Its cheapest plan's true annual cost is free. Links are affiliate links and never affect ranking. Not affiliated with HMRC; not tax advice.