MTD for Income Tax is here.
We handle it — you carry on.

Yes. We set up the software, connect your bank, and show you how to snap a receipt. That's genuinely all you do. And if bank feeds aren't an option — whether it's connectivity issues or you deal in cash — you can add entries manually in the app, or simply send us your bank statements and we'll process everything for you.

Unlike most providers, we don't charge separately for software, onboarding, or setup. Coconut is included in every plan. You get a dedicated tax adviser, quarterly filings, and ongoing support — all for one monthly fee. Take the assessment for a personalised recommendation.

We review every quarterly submission before it goes to HMRC. You won't file anything yourself. And for the first year, HMRC has a soft landing — no penalties on late quarterly updates. You're protected on both sides.

Coconut connects to your bank and categorises transactions automatically — income, expenses, even splitting personal and business spending. It's less work than a spreadsheet, not more. Your existing records help us get you set up faster — nothing is wasted.

If your rental income crosses the qualifying threshold, HMRC requires quarterly digital updates regardless of whether you consider yourself a business. We make it painless — your letting agent's statements are usually all we need to get started.

You can — the software is available to anyone. But quarterly updates aren't just clicking "submit." Each one needs checking: are transactions categorised correctly? Are allowable expenses claimed? Is anything missing? Get it wrong and HMRC's penalty points start adding up. We review everything before it goes to HMRC, catch errors you wouldn't spot, and make sure you're claiming every deduction you're entitled to. Most clients tell us the time they save alone is worth it — let alone the peace of mind.

Turnover — not profit. HMRC uses your gross qualifying income (total business and/or rental income before expenses) to determine whether MTD applies to you. So if you turn over £55,000 but only profit £15,000 after costs, you're still in scope. This catches many people off guard.

Two options. You can add cash transactions manually in Coconut — it takes seconds per entry. Or, if you'd rather not use the app at all, just send us your bank statements from your banking app or as PDFs each quarter. We'll extract the data and handle everything from there.

Yes. All plans are month-to-month with 30 days notice. No lock-in contracts, no exit fees. If your circumstances change, you can step down or cancel at any time.