Ready for Making Tax Digital for Income Tax?

Yes! When you sign up to Zempler bank through our partnership, you get Coconut completely free for 2 years. Coconut is fully HMRC-recognised, easy to use, and takes care of digital record-keeping, quarterly updates, and everything you need for Making Tax Digital for Income Tax.

If you're affected, it’s a good idea to start preparing now by choosing Making Tax Digital for Income Tax compatible software like Coconut.

Coconut tracks your income and expenses, helps you stay organised, and is HMRC-recognised for Making Tax Digital for Income Tax submissions.

Coconut and GoSimpleTax are owned by the same directors and share the same goal which is to make tax and finances simpler and less stressful for self-employed people and landlords.

You’ll need to manage your finances digitally, but tools like Coconut can simplify tax reporting and reduce admin time.

If you're self-employed or a landlord earning over £20,000, you'll need to keep digital records and send quarterly updates to HMRC instead of filing a yearly Self Assessment tax return.

HMRC uses a points system. Miss enough deadlines and you’ll get a £200 fine. Late payments also incur interest and daily penalties, so it’s best to stay on track.

Making Tax Digital for Income Tax is a government initiative to make it easier to manage your tax by keeping digital records and submitting updates online.

You can reach our support team via chat or email, Monday to Friday, for help with Making Tax Digital for Income Tax and using Coconut.