What is the Making Tax Digital space in the app/web?
Making Tax Digital is the space in your Monzo app where you can manage all your business’ tax related finances and information as well as learn more about how Monzo can help you with filing your taxes.
Making Tax Digital is available to Admins and Collaborators of our Sole Trader businesses on any account plan. You can access this by scrolling down on the Home screen to the Making Tax Digital section.
Making Tax Digital contains the following sections:
Tax submission tool waitlist
This part allows you to sign up to the waitlist for our tool that will help you file your business finances with HMRC, directly from the Monzo app. The tool has been recognised by HMRC and will be available to Monzo sole trader customers on any account plan for free!
Answer questions about your business to see how Making Tax Digital will impact you, then tap to sign up to the waitlist. After you have signed up, we will keep you updated on the latest news about our tool and general information about Making Tax Digital.
Making Tax Digital Essentials
This section has further resources to help you understand more about Making Tax Digital, the impact on your business and how Monzo features can help you optimise filing your taxes.
The Making Tax Digital timeline
This timeline shows you how Making Tax Digital could affect the events in the tax year of your business, including explaining when to file and when payments will need to be made.
Your Pots for Tax
This is where you can view your Pots in Manage Tax so that its easier for you to track your tax finances, as well as allowing you to open new Pots so you can save for your tax bill.
Other options
This section contains links to the Help section for Making Tax Digital and to a feedback section where you can give feedback on Monzo’s Making Tax Digital space.
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