Coconut
UnclaimedEffortless accounting and tax management for self-employed individuals and landlords.
Visit WebsiteTL;DR - Coconut
- Simplifies accounting, invoicing, and tax for sole traders and landlords.
- HMRC-recognised for Making Tax Digital (MTD) for Income Tax compliance.
- Connects to bank accounts for real-time financial tracking and tax estimates.
Pricing: Paid only
Best for: Enterprises & pros
4.7/5 across review platforms
What is Coconut?
Coconut is self-employed accounting software designed to simplify tax, invoicing, and expense management for sole traders and landlords. It offers a mobile app and desktop access, allowing users to track income and expenses, capture receipts, send and track invoices, and manage their tax obligations, including Self Assessment and Making Tax Digital (MTD) for Income Tax.
The software integrates securely with over 30 UK banks and credit cards, providing real-time insights into profit and tax estimates. It helps users stay compliant with HMRC requirements by enabling digital record-keeping, quarterly MTD updates, and direct submission of MTD tax returns. Coconut aims to reduce tax stress and save time for self-employed individuals, allowing them to focus on their core business activities.
Available on: Web, iOS, Android
Pros & Cons
Pros
- HMRC-recognised and compliant for MTD for Income Tax
- Easy to use with both mobile and desktop access
- Secure bank integrations for automated tracking
- Provides real-time tax estimates to avoid surprises
- Dedicated support, including ex-HMRC staff, for MTD compliance
Cons
- Primarily focused on UK sole traders and landlords, may not suit other business types or regions
- No free tier, only a 14-day free trial
Ratings Across the Web
4.7(22 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
MTD for Income Tax ready (HMRC recognised)Digital recordkeeping for income, expenses, and receiptsQuarterly MTD updates submissionDigital end-of-year MTD tax return submissionReal-time tax estimatesConnects to 30+ UK banks and credit cardsTrack income and expensesSend and track unlimited branded invoices
Pricing Plans
Free TrialPricing checked Jul 27, 2026
Essentials
$99.99 per year
- Connect accounts from 30+ banks and credit cards
- Track your income and expenses throughout the year with our sole trader accounting app
- !Coconut on both mobile and desktop
- Send and track unlimited branded invoices
- Always know how much tax to set aside
- Easily share access with your accountant
- Claim as an allowable business expense on your tax return
MTD
$129.99 per year
- Make quarterly Making Tax Digital updates quickly and easily
- Submit the Making Tax Digital end of year Tax Return
- Connect accounts from 30+ banks and credit cards
- Track your income and expenses throughout the year with our sole trader accounting app
- !Coconut on both mobile and desktop
- Send and track unlimited branded invoices
- Always know how much tax to set aside
- Easily share access with your accountant
- Claim as an allowable business expense on your tax return
Self Assessment
$129.99 per year
- File your Self Assessment directly to HMRC
- Connect accounts from 30+ banks and credit cards
- Track your income and expenses throughout the year with our sole trader accounting app
- !Coconut on both mobile and desktop
- Send and track unlimited branded invoices
- Always know how much tax to set aside
- Easily share access with your accountant
- Claim as an allowable business expense on your tax return
Full
$159.99 per year
- Make quarterly Making Tax Digital updates quickly and easily
- Submit the Making Tax Digital end of year Tax Return
- File your Self Assessment directly to HMRC
- Connect accounts from 30+ banks and credit cards
- Track your income and expenses throughout the year with our sole trader accounting app
- !Coconut on both mobile and desktop
- Send and track unlimited branded invoices
- Always know how much tax to set aside
- Easily share access with your accountant
- Claim as an allowable business expense on your tax return
Reviews
4.7/5
Across 22 verified user reviews on capterra, g2
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Coconut FAQ
How does Coconut help self-employed individuals manage their tax obligations?
Coconut simplifies tax management by providing real-time tax estimates and enabling compliance with HMRC requirements. It supports digital record-keeping, quarterly MTD updates, and direct submission of MTD tax returns for Self Assessment.
Which teams or users benefit most from Coconut?
Coconut is specifically designed for self-employed individuals and landlords in the UK. It helps sole traders manage their accounting, invoicing, and expense tracking efficiently to stay compliant with tax regulations.
How does Coconut compare to Xero for expense management?
Coconut offers expense management tailored for sole traders and landlords, including receipt capture and automated tracking through secure bank integrations. Xero provides broader accounting features that may cater to a wider range of business types beyond self-employed individuals.
What kind of limitations should potential users be aware of with Coconut?
Coconut is primarily focused on UK sole traders and landlords, meaning it may not be suitable for other business structures or users outside the UK. Additionally, it does not offer a permanently free tier, only a 14-day free trial.
How is Coconut priced?
Coconut is a paid product and does not include a permanently free tier for ongoing use. However, it does offer a 14-day free trial for new users to evaluate its features.
Can Coconut integrate with my existing bank accounts?
Yes, Coconut integrates securely with over 30 UK banks and credit cards. This allows for automated tracking of income and expenses, providing real-time insights into financial data.
Does Coconut support Making Tax Digital (MTD) for Income Tax?
Yes, Coconut is HMRC-recognised and compliant for MTD for Income Tax. It enables users to submit MTD tax returns directly and provides dedicated support, including ex-HMRC staff, for MTD compliance.
Source: getcoconut.com