123 Sheets or VoxaMTD: keep your spreadsheet or switch?

TL;DR: 123 Sheets is bridging software that sends MTD updates and the tax return from your own spreadsheet, from £19.75 plus VAT for the first year. VoxaMTD builds your bookkeeping from a bank feed or upload instead; VoxaMTD's free plan files quarterly updates. The year-end final declaration is coming before the first one is due (January 2028).

Feature	VoxaMTD	123 Sheets
Where your records live	In VoxaMTD, from open banking, a CSV or Excel upload, or manual entry	In your own spreadsheet
Price	Free plan; paid plans from £8.99 a month	From £19.75 plus VAT per taxpayer for the first year (half price)
MTD quarterly updates and tax return	Quarterly updates now; final declaration coming before January 2028	Yes
Income covered	Sole trader and UK property	Sole trader, UK and foreign property
Bank feeds	Open banking through Finexer	No; spreadsheet or CSV upload

What is 123 Sheets?

Bridging software. You keep your records in Excel or another spreadsheet, and 123 Sheets reads them and sends your quarterly updates and tax return to HMRC. It is listed in HMRC's software finder for sole traders, UK property and foreign property.

How much does 123 Sheets cost?

From £19.75 plus VAT per taxpayer per year, with the first year at half price, as listed on 27 September 2026. Its own spreadsheet template is an optional extra.

Are there bridging tools that cost nothing?

Yes. HMRC's software finder includes some bridging products with no charge, so check it if you want to keep using a spreadsheet.

When might VoxaMTD suit better?

If you would rather stop keeping a spreadsheet and have transactions come in from your bank, with AI suggesting categories. If you want to keep your spreadsheet, bridging software such as 123 Sheets is designed for that.

Ready to switch from 123 Sheets?

Free MTD ITSA submissions, AI categorisation, open banking with any UK bank. No credit card required.

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