Understanding Coconut Plans

For up to date pricing and a list of all features of each plan, please visit: https://www.getcoconut.com/pricing

This plan would suit someone who just wants to use Coconut for their bookkeeping. You can connect your bank accounts, categorise your transactions and access the reporting features. Store your receipts and attach them to transactions, ensuring you stay up to date with HMRC record keeping requirements.

You will not be able to make any submissions direct to HMRC on this plan. You will be able to export your categorised transactions to a CSV file.

This plan would suit someone who wants to use Coconut for both their bookkeeping and MTD submissions. Quarterly and Annual submissions can be submitted to HMRC whilst you have an active subscription.

You can complete your bookkeeping within the app or on the web and push this information to your MTD report to seamlessly submit this to HMRC*.

You can choose either an Annual or Monthly payment period for this plan.

*You must be registered with HMRC for MTD in order to download your reporting responsibilities. This can be done here.

You cannot submit your Self Assessment tax return on this plan.

This plan would suit someone who wants to use Coconut for both their bookkeeping and Self Assessment submission. You can categorise your income and expenses from Sole Trade and/or Property income streams and 'push' that data to your own personal tax return.

Only SA103 and SA105 pages can be automatically populated. The data that is pushed to our Self Assessment product is locked, if you want to make changes to the data, you will need to amend your transactions within Coconut and push the data back to your personal tax return.

This plan is only available on an Annual payment plan.

If you don't require the bookkeeping option, please see our Self Assessment only software here. Please note, GoSimpleTax is a separate software and any plans purchased there cannot be transferred to Coconut.

You cannot submit your Making Tax Digital submissions on this plan.

This plan would suit someone who wants to use Coconut for both their bookkeeping, Self Assessment submission and MTD submissions all on one account. This would be incredibly useful for your transitional year* from Self Assessment to Making Tax Digital, as you will be required to submit both your final Self Assessment Tax Return whilst also submitting your Quarterly returns.

You can categorise your income and expenses from Sole Trade and/or Property income streams and 'push' that data to your own personal tax return for the Tax Return that is due to HMRC and also prepare and submit your Quarterly submissions.

Provided you submit your MTD Annual submission within the 12 month subscription, this is also included. If your 12 month subscription has expired, you will need to renew or choose the monthly plan to make any further submissions.

This plan is only available on an Annual payment plan.

*Transitional year explained - In your first year of Making Tax Digital, you will be required to submit Quarterly returns (by 7th August, November, February, May), whilst also having your previous tax year's tax return outstanding due by 31 January. Whilst being on an active 'Full' plan, all your submissions will be covered.