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Making Tax Digital software. It’s in the bank.

File tax straight from Monzo to HMRC.

Free MTD software, built into Monzo Business as standard. Sorted.

Apply for an account to get on the waitlist.

Apply for a business account

Waitlist available for sole traders only. Only sole traders or limited company directors in the UK can apply for an account. Ts&Cs apply.

  • Current Account Switch Guarantee
  • Sage Partner
  • Financial Services Compensation Scheme Protected

Tax gets less taxing

Thanks to the business bank account that works as hard as you.

Free to file

All of our plans come ready for Making Tax Digital. File direct to HMRC, without needing to buy or get to grips with extra software.

Trim your tax routine

Put transactions into categories, attach receipts and save for tax as you go. You can also add activity from other accounts.

Stay on track

Clear explainers, timelines and reminders to help you find your new filing flow.

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What’s Making Tax Digital for Income Tax?

It’s the new way for sole traders and landlords to report income and expenses to HMRC.

Instead of the annual Self Assessment, you'll store digital records and use HMRC-approved software to send quarterly updates.

It’s happening in waves from April 2026.

Illustration of the world with receipts and percentage signs flying around it to symbolise a flurry of tax changes happening.

What does Making Tax Digital mean for me?

It mainly comes down to your gross income from the last tax year.

Sole traders and landlords with a gross income that meets the government thresholds will need to:

  1. keep digital records of income and expenses

  2. send quarterly updates to HMRC

  3. check over numbers and confirm everything’s correct by 31 January the following year.

Tap and it’s with HMRC

Store digital records and send quarterly updates right from where your money is.

Leave behind all the open tabs and passwords that come with juggling different tools and integrations.

All over tax admin

Categorise transactions as you spend, snap receipts on the go and pull in transactions from other accounts.

And choose to automatically put a percentage aside for tax and other big bills every time you get paid, with Tax Pots.

Tax Pots are on Pro and Team, which start from £9 a month. Ts&Cs apply.

Mobile mockup of the Monzo app showing the Sage logo and text saying 'Powered by Sage'.

Powered by Sage

Easy banking meets proven expertise in tax and accounting. Our tool is built on Sage’s innovative technology that’s trusted by small businesses across the UK.

It's all built in and ready to go – no extra account needed.

A glimpse of the Making Tax Digital bitesized information in the Monzo app.

We’re with you all the way

We’ll guide you through every step with clear bite-sized explainers, timelines, and reminders. So you can decide what to do, when to do it, and how to stay on track.

Simple tax, simple banking

Why have one without the other?

Think easy ways to pay and get paid, set money aside and save for bills. Plus, you’ll earn interest on your regular savings.

And if you ever need help from friendly, real people, they’re here 24/7.

We can't offer financial or tax advice, though. You'll need to speak to a financial adviser or HMRC for that.

Get ahead now, avoid stress later

Making Tax Digital for Income Tax starts in April 2026. Keep time on your side.

1. Apply in minutes

You'll need our current account to sign up to the waitlist. Over 80% of Business accounts are opened on the same day.

2. Join the waitlist

As soon as your current account’s open, head to Home in the app and join the waitlist from the Manage Tax area.

3. Stay tuned

With digital software ticked off your list, the next step in your prep is to learn more about HMRC’s new rules. Our short lessons have you covered.

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Question? Answers.

How does Making Tax Digital work?

HMRC are changing how you report income tax. The tax itself is staying the same. Instead of the annual Self Assessment, you’ll need to keep digital records and submit quarterly updates to HMRC using approved software (like our tool).

Isn't Making Tax Digital already in place?

Modernising the tax system is a big job and so HMRC are going about it in phases, over a few years. This started back in 2019 with Making Tax Digital for Value Added Tax (VAT). Now it’s the turn of income tax, starting in April 2026.

Is Monzo's MTD software free?

Yes! Our tax filing tool, powered by Sage, is free for all Business Banking customers, including those on our Lite plan. It’s all built in, so you avoid having to get to grips with extra MTD software.

Am I eligible for a Monzo account?

You can check if you’re eligible for a Monzo Business account through this page. We’re only offering Monzo Business accounts to sole traders and limited companies right now.

How secure is Monzo?

We’re a bank with over 14 million personal and business customers. We help keep their money safe with industry-first security features, humans on hand 24/7, and advanced fraud protection.



We’re authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.



We're also a member of the Financial Services Compensation Scheme (FSCS), so your eligible deposits are protected up to a value of £120,000 per person.



Learn more about Security at Monzo here.

Join 800,000+ businesses today

That’s more than half a million UK businesses already changing the way they bank. Sign up or switch to Monzo Business if you have a business account elsewhere.

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