Taxmo review
A low-cost UK tax and bookkeeping tool for solo operators with VAT filing.
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
Taxmo is UK bookkeeping and tax software for sole traders, freelancers, contractors, expats and small businesses. It tracks income and expenses with HMRC-aligned categories, calculates VAT, Income Tax and National Insurance, scans receipts, imports bank transactions and supports invoicing. It also prepares Self Assessment information and provides SA100 review tools. The product is aimed at solo and small users who want bookkeeping and tax workflows in one cloud and mobile service.
The free plan includes a quarterly VAT dashboard, VAT and Income Tax calculators, invoice generation and a read-only filing guide. Starter costs £9.99 per month and adds profit and loss and balance sheet reports, bank import, WhatsApp receipt scanning and direct HMRC filing for MTD VAT. Pro costs £19.99 per month and adds unlimited entries, unlimited bank imports, Taxmo AI Assistant, Self Assessment review, email receipt capture and multi-user team access. The Accountant plan costs £14.99 per client per month, includes practice pricing and gives the first two clients free. Prices exclude VAT, and additional usage fees may apply.
Taxmo connects with HMRC Making Tax Digital, Open Banking via PayBank2Bank, WhatsApp, Stripe and Anthropic Claude. Its tax workflow covers VAT returns across all nine boxes, with paid plans supporting direct VAT submission to HMRC. Receipt scanning accepts photos and PDFs, while invoicing supports PDF export and recurring invoices. A read-only REST API is available for integrations. Taxmo suits UK freelancers and microbusinesses that need VAT filing, bookkeeping and basic tax preparation at a modest monthly cost. Businesses needing direct Self Assessment submission, MTD for Income Tax filing or broader support channels should choose a different product.
Questions about Taxmo
Does Taxmo have a free plan? Yes, there is a free plan; paid plans start at £9.99/mo (Starter).
How much does Taxmo cost? Taxmo lists 3 paid plans; the lowest is Starter at £9.99/mo.
What does Taxmo run on? Web, iOS and Android. It runs in the cloud and as a mobile app.
What does Taxmo integrate with? 5 integrations: HMRC Making Tax Digital, Open Banking via PayBank2Bank, WhatsApp, Stripe and Anthropic Claude.
Who is Taxmo built for? Solo users and small businesses (our editorial estimate).
Taxmo pros and cons
- Where it wins
- Direct HMRC VAT filing through Making Tax Digital
- Free plan includes VAT and Income Tax calculators
- Web, iOS, Android and API access
- Where it doesn't
- Direct Self Assessment submission is not available
- MTD for Income Tax filing is not available
- Support is listed through documentation
Taxmo fact sheet, pricing and score →
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