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HMRC to Contact UK Households From Next Week over New Tax Rule Change
Monzo’s free tax tool, powered by Sage, helps over 800,000 business users comply with HMRC’s Making Tax Digital by simplifying quarterly updates and year-end returns.
- Monzo launched a free, HMRC-recognised tax tool powered by Sage inside its app for Monzo Business account holders, available before the new tax year on April 6.
- Making Tax Digital rules require sole traders and landlords to use approved digital systems for quarterly updates, but Monzo research shows 70% awareness and 28% lack confidence for April.
- Monzo's research shows British small businesses spend nearly £4.8 billion annually on tax and accounting software, with an average monthly spend of £71 among 5.64 million firms, based on Censuswide data collected last month.
- The tool will be available on all free and paid Monzo Business account plans, allowing users to submit tax updates directly to HMRC from the app, which Monzo says reduces friction and boosts confidence ahead of April.
- From April 2026, almost three million sole traders and landlords must switch to digital tools as the phased MTD rebuild of the UK tax system progresses, with thresholds at 50,000, 30,000, and 20,000.
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13 Articles
13 Articles
HMRC to contact UK households from next week over new tax rule change
HMRC is set to contact UK households within the next fortnight about changes to tax returns, with the new Making Tax Digital system requiring quarterly updates instead of annual filings
·Newcastle upon Tyne, United Kingdom
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Leicester MercuryReposted by 
Kent Live News
Kent Live NewsMajor HMRC change sees Monzo make big announcement for customers
Monzo is bringing it in ready for a big change
·Leicester, United Kingdom
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UK Small Businesses invest nearly £5bn a year in tax and accounting software as Monzo launches free HMRC-recognised tool
New research from Monzo, the digital bank with over 800,000 business customers, reveals British small businesses invest nearly £5 billion (£4.8 bn)* every year in tax and accounting software. With Making Tax Digital (MTD) for Income Tax changes coming in April, Monzo is helping make submitting quarterly updates and the end of year tax return simpler and more accessible for Britain’s smallest businesses by launching a free, HMRC-recognised tax to…
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Total News Sources13
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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