Coconut

Coconut is an HMRC-recognised app for sole traders and landlords. It keeps your digital records, sends your Making Tax Digital quarterly updates and handles your year-end submission, from the team behind GoSimpleTax.

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At a glance

Coconut connects to your bank, sorts your income and expenses as they come in, and sends your MTD quarterly updates straight to HMRC. If you’d rather keep your spreadsheet, there’s a cheaper bridging plan too. You can try it free for 14 days with no card needed.

£12.99

15% off

A month for MTD filing, or £129.99 a year

Annual plans with code STTK15

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What is Coconut?

Coconut is UK bookkeeping and tax software built for sole traders, landlords and CIS subcontractors. It’s made by the same company as GoSimpleTax, so it’s their answer to Making Tax Digital for Income Tax. You can use it on your phone or in a web browser.

Is Coconut HMRC-recognised?

Yes. Coconut is on HMRC’s list of software recognised for Making Tax Digital for Income Tax. It’s worth checking HMRC’s list yourself before you sign up, as it’s updated regularly.

Not sure if MTD applies to you? Our MTD checker will tell you in a few quick questions.

How does Coconut handle MTD for Income Tax?

Digital records: connect your bank and Coconut pulls in your transactions and categorises them for you
Quarterly updates: send each update to HMRC from inside the app
Year-end submission: the MTD filing plan includes your annual MTD submission
Spreadsheet option: the MTD Bridging plan lets you keep your own spreadsheet and upload it to send your updates

Key features

HMRC-recognised for Making Tax Digital for Income Tax
Bank feeds that bring in your transactions automatically
Automatic categorising of income and expenses
Receipt capture: snap a receipt and attach it to the transaction
In-year tax estimates, so you know how much to put aside
Invoicing: create, send and track invoices
Covers self-employment and property income, including more than one business
CIS deduction adjustments for subcontractors
UK-based support, with dedicated MTD help on the MTD filing plan

Pricing

Coconut has three plans, and all prices include VAT. Our readers get 15% off any annual plan with the code STTK15.

MTD Bridging - £49.99 a year

For sole traders and landlords who want to keep using a spreadsheet:

Keep your own spreadsheet, or use Coconut’s ready-made template
Upload it to send your MTD quarterly updates to HMRC
Supports self-employment and property income
Annual only - £42.49 a year with code STTK15

Bookkeeping - £99.99 a year

For sole traders and landlords who aren’t in MTD yet:

Bank feeds and automatic income and expense tracking
Receipt capture and guidance on what you can claim
Prepares your self-employment (SA103) and property (SA105) figures for your tax return
Annual only - £84.99 a year with code STTK15

MTD filing - £12.99 a month or £129.99 a year

The full MTD plan, and the most popular:

Everything in Bookkeeping
Sends your MTD quarterly updates to HMRC
Includes your MTD year-end submission
Dedicated MTD expert help
£110.49 a year with code STTK15 (the code doesn’t apply to monthly payment)

All plans come with a 14-day free trial, with no card needed.

Coconut also offers 2 years free if you open a new Zempler business bank account through the Coconut app. It’s worth a look if you need a business bank account anyway.

Pros and cons

Pros:

HMRC-recognised for MTD, with quarterly updates and the year-end submission in one app
Simple, app-based and made for sole traders and landlords rather than accountants
A cheaper bridging plan if you want to keep your spreadsheet
15% off annual plans for our readers with code STTK15
Free 14-day trial with no card needed

Cons:

The MTD filing plan is dearer than some free or bridging options
Monthly payment doesn’t get the 15% discount
Less suited to businesses that need full accounting, such as payroll or VAT returns
If you’re not in MTD yet, you may not need more than the Bookkeeping plan

Who is Coconut best for?

Coconut suits sole traders and landlords who want one simple app for their records and their MTD updates, without learning full accounting software. If MTD applies to you from April 2027, the MTD filing plan covers everything. If you’d rather stick with your spreadsheet, the Bridging plan is a cheaper way to stay compliant.

Get Coconut

Frequently asked questions

Is Coconut free?

Not after the trial. You can try it free for 14 days with no card. After that, plans start at £49.99 a year, or you can get 2 years free by opening a new Zempler business bank account through the app.

How do I get 15% off Coconut?

Use the code STTK15 when you choose an annual plan. The discount doesn’t apply to monthly payment.

Is Coconut the same as GoSimpleTax?

They’re made by the same company. GoSimpleTax is for filing your annual Self Assessment return. Coconut is for keeping digital records and sending MTD updates through the year.

Can Coconut handle rental income?

Yes. Coconut covers UK property income as well as self-employment, and you can have more than one income source.

When do I need MTD software?

From April 2026 if your qualifying income was over £50,000 in 2024/25, from April 2027 if it was over £30,000 in 2025/26, and from April 2028 if it’s over £20,000 in 2026/27. Not sure where you stand? Try our MTD checker.

Compare MTD software for sole traders

Coconut is one option among several worth comparing. Browse the full MTD Software directory to compare it against bridging tools, free apps and full accounting software.

Prices and offers checked November 2026. Always check the Coconut website for current pricing and promotional terms before signing up.