Spyke

makingtaxdigital_freeandopen·Making Tax Digital, Free and OpenbyIan

'Maybe' o/s personal finance app unsustainable say maintainers

They have investors and could not see a path to profitability. It's tangential to this community perhaps but the difficulties they experienced help highlight what makes this domain hard for foss. To quote them:

The single biggest challenge with a personal finance app in 2025 is bank providers.
Data consistency and cache invalidation
OSS, financial privacy, and project management
Multi-currency + Investments Data

'Maybe' o/s personal finance app unsustainable say maintainers

https://github.com/maybe-finance/maybe/releases/tag/v0.6.0Open link View original on feddit.uk

Comments1

makingtaxdigital_freeandopen·Making Tax Digital, Free and OpenbyIan

[Wiki] Software Choices

Making a start on a list of software from your suggestions, will be adding many more to this soon. Where data is missing in a cell it's because it hasn't been checked yet.

The government's own site says:

There are other software products in development for the 2025 to 2026 and 2026 to 2027 tax years.

So expect this to grow.

To use this table for your own analysis/filtering you can just copy/paste it straight into a spreadsheet.

Name	Pricing	Registration	License	Software for	Submissions in 2025 to 2026	User type	Software type	Making Tax Digital Compatibility
1 2 3 Sheets Ltd	Paid version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based, application based	VAT, Income Tax
100PcVatFreeBridge(1)	Free (donations accepted)	None	Proprietary	Bridging	VAT Returns	Agent, Individual	Application based (Windows, Linux, Mac)	VAT
@Coconut	Paid version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Absolute Excel Income Tax Filer	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	Income Tax
Acorah Software Products Ltd (TaxCalc)	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent	Application based	VAT, Income Tax
Andica Accounting Software	Paid version			Record keeping	Quarterly updates	Agent, Individual	Web based, application based	VAT, Income Tax
ApariPro	Paid version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	Income Tax
Capium Limited — MTD for IT	Paid version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
CCH iFirm MTD for Income Tax	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent	Web based	VAT, Income Tax
Clear Books	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Clear Books Free	Free version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Dext	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	Income Tax
Digita Personal Tax — Thomson Reuters	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent	Application based	VAT, Income Tax
Forbes MTD	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based, application based	VAT, Income Tax
FreeAgent	Free version, Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Hammock for landlords	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based, application based	Income Tax
Intuit QuickBooks Online	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	Income Tax
IRIS Accountancy Suite	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent	Application based	VAT, Income Tax
IRIS Elements Cashbook	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	Income Tax
IRIS Elements Tax	Paid version			Bridging	Quarterly updates, Self Assessment tax return	Agent	Web based	VAT, Income Tax
IRIS Kashflow	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
MYT	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Nomi	Paid version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based, application based	Income Tax
QuickFile Accounting Software	Free version, Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Sage Accounting	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
Sage Individual	Free version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax
self assessment direct	Free version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Application based	VAT, Income Tax
TaxNav	Free version			Bridging, Record keeping	Quarterly updates, Self Assessment tax return	Individual	Web based	Income Tax
untied	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	Income Tax
Xero MTD for IT	Paid version			Record keeping	Quarterly updates, Self Assessment tax return	Agent, Individual	Web based	VAT, Income Tax

Community sources (marked with footnote numbers above):

1: 100PcVatFreeBridge via fakeman_pretendname's comment

Official sources:

Find software that works with Making Tax Digital for Income Tax - GOV.UK

View original on feddit.uk

Comments1

makingtaxdigital_freeandopen·Making Tax Digital, Free and OpenbyIan

Companies House: all accounts must be filed using commercial software from 1 April 2027

As part of our journey to modernise and digitise our filing routes, all accounts must be filed using commercial software from 1 April 2027.

These changes seem to be in addition to the Making Tax Digital intiative and will drag every company into using commercial software as far as I can tell. They are part of the "Economic Crime and Corporate Transparency Act" according to the government.

I don't see how any company regardless of size, will avoid this. It's not clear to me if small/micro companies will be able to avoid it as the link also says this:

From 1 April 2027, we’re also streamlining the accounts filing options for small and micro-entity companies.

Micro-entities will be required to file a copy of their balance sheet and profit and loss account.

Small companies will be required to file a copy of balance sheet, directors’ report, auditor’s report (unless exempt) and profit and loss account.

Companies will no longer be able to prepare and file ‘abridged’ accounts.

Can you file these items without commercial software? Not sure.

If anyone knows more please tell in the comments. I think I'll need to update the community wiki post on who is affected also.

Image is from source licensed under Open Goverment License v3

View original on feddit.uk

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makingtaxdigital_freeandopen·Making Tax Digital, Free and OpenbyIan

[Wiki] Who will be affected by Making Tax Digital?

Note: this post is intended as a community wiki that will be continually updated from your comments and any new information as it arises.

Disclaimer: always seek your own advice on financial matters. We can't guarantee accuracy!

There are two groups affected by the Making Tax Digital (MTD) initiative:

1. Individuals

If you work for yourself as a sole trader or earn money from property you are likely affected. There are thresholds to be met (on gross annual income) but they may change in future. There are some narrow exemptions including some based on age, disability and broadband access.

The current roll-out dates and thresholds are:

6 April 2026 if your turnover is above £50,000
6 April 2027 if your turnover is above £30,000
6 April 2028 if your turnover is above £20,000

The government refer to this as "Making Tax Digital for Income Tax" and you can read more here: Making Tax Digital for Income Tax - HMRC guide.

2. Businesses

If you are registered for VAT you should already by complying with MTD as the deadlines have passed. You can voluntarily register for VAT but if your annual taxable turnover is over £90k it's mandatory: when to register for VAT - GOV.UK.

Companies that pay corporation tax will also eventually join MTD too (see timescale for implementation - wikipedia.org). I don't think we have a firm deadline on that yet but if anyone has firm info let me know in a comment!

The wise wiki owl is from source, copyright K.-M. Hansche - Edited by: Arad, CC BY-SA 2.5 https://creativecommons.org/licenses/by-sa/2.5, via Wikimedia Commons

View original on feddit.uk

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makingtaxdigital_freeandopen·Making Tax Digital, Free and OpenbyIan

CIOT, LITRG and ATT express concerns over HMRC’s withdrawal of their online filing service for MTD customers

This is from March 2025. Useful to see other groups concerned at what's happening and an official response. Their concerns:

...included the likely additional costs for taxpayers, risks to compliance, availability of software, and the impacts on unrepresented taxpayers.

Regarding the gov response:

We welcome the Minister’s assurances within this letter to CIOT that the software market will develop the functionality required but await a further update on how the Minister will ensure this functionality to be introduced, and continuously provided, by third party software providers which is outside the direct control of HMRC.

https://www.tax.org.uk/hmrc-will-not-provide-online-tax-return-filing-service-making-tax-digital-income-taxOpen link View original on feddit.uk

Comments2

makingtaxdigital_freeandopen·Making Tax Digital, Free and OpenbyIan

Welcome

Welcome! The idea for this community came from a Mastodon post:

https://floss.social/@IanTwenty/114868391122043853

...and the forthcoming changes to how UK individuals and business will have to file their taxes, i.e. Making Tax Digital (MTD).

For some these changes may mean they are compelled to subscribe to a commercial software package and/or change their ways of working considerably. For some small businesses the cost of accounting software and services may be their largest expense.

My fear is that the MTD changes mean there can never be a free and open source alternative to managing personal and business finances in the UK. I hope I'm wrong.

Through this community it would be great to share and discuss:

The changes that are coming in the UK government's Making Tax Digital initiative, both for individuals and businesses.
How to keep filing taxes without having to subscribe to expensive accounting software.
How to maintain our freedom when filing and paying taxes - freedom over what software you run and what it does with your personal/company data.
I am very interested in the possibility of starting a free/open source project that could be compliant with the MTD requirements that we all might use - OR discovering and supporting such a project if it already exists.
Lessons from other countries that have been/are going through a similar transition. I understand parts of MTD may be addressing an EU-wide effort to address fraud.

Please check out our sidebar which will be updated with important posts and links.

We are hosted on feddit.uk, a UK-centric Lemmy instance so thanks to them for having us. They have a code of conduct, please abide by that (see What are the rules here? in their homepage sidebar).

Image is "Rest & Welcome", Dorchester by National Brewery Heritage Trust - National Brewery Heritage Trust, United Kingdom - CC BY-SA (source)