Monzo
Full cloud accounting · by Monzo · HMRC-recognised
Free MTD for Income Tax filing built right into the Monzo Business app, powered by Sage. If you bank with Monzo, you can file quarterly updates from the same place you run your money — at no extra cost.
Our verdict
If you already bank with Monzo Business, its built-in MTD for Income Tax tool (powered by Sage) is a genuinely free, low-effort way to comply — you file quarterly updates from the same app you use for your money, with receipts and categorisation built in. It only makes sense if you're a Monzo customer; it isn't a standalone product. For Monzo sole traders and landlords, free-in-the-app is hard to beat.
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 filing built into the Monzo Business app (powered by Sage), for Monzo sole trader and landlord customers on any plan. Covers self-employment and UK property. | ✓ | ✓ | £0 |
Can be free: Free with your Monzo Business account, on any plan.
Pros & cons
What's good
- Free for Monzo Business customers on any plan
- Built into the banking app — no separate software to log into
- Powered by Sage's accounting technology
- Covers self-employment and UK property income
What's not
- Only available if you bank with Monzo
- Tied to the Monzo app rather than a standalone tool
- No foreign-property support
Who it's for
- Monzo Business customers
- Sole traders and landlords who want to file from their banking app
Frequently asked questions
- Is Monzo's MTD tool free?
- Yes — it's free for Monzo Business customers on any account plan.
- Can I use it without a Monzo account?
- No — it's built into Monzo Business, so you need a Monzo business account.
- Does it cover landlords?
- Yes — self-employment and UK property income.
- Is it HMRC-recognised?
- Yes, for MTD for Income Tax.
Pricing for Monzo 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.