About 123 Sheets
HMRC-approved Making Tax Digital (MTD) bridging software for UK businesses, landlords, and accountants. It enables users to file VAT and Income Tax returns directly from their existing spreadsheets (Excel, Apple Numbers, etc.
123 Sheets is a specialized software solution designed for UK taxpayers to comply with HMRC's Making Tax Digital (MTD) regulations. It acts as a 'bridging' tool, connecting users' existing spreadsheets (like Excel, Apple Numbers, or Open Office) to HMRC's digital submission system. This allows self-employed individuals, landlords, VAT-registered businesses, and accountants to continue using their preferred bookkeeping method while meeting MTD requirements. The software supports both MTD for VAT and the upcoming MTD for Income Tax Self-Assessment (ITSA). Pricing is based on an annual license per taxpayer, with specific plans for accountants managing multiple clients. The service is web-based and focuses on a simple upload-and-file workflow. It integrates with accounting software like Sage and QuickBooks by allowing users to export reports and then submit them through 123 Sheets.
Pros & Cons
- Allows users to keep their existing spreadsheet-based bookkeeping systems.
- Officially approved by HMRC, ensuring compliance with UK tax regulations.
- Provides a cost-effective solution compared to full accounting software suites.
- Supports a wide range of spreadsheet applications, not just Microsoft Excel.
- Offers a dedicated portal for accountants to manage multiple clients efficiently.
- The software is highly specific to UK MTD regulations and is not for general accounting.
- It is a bridging tool, not a full bookkeeping or accounting platform.
- The user interface is functional but appears dated.
- No free tier is offered, although a demo is available.
- Does not offer live chat or a dedicated support email on its contact page.
Features
Key features
Connects existing spreadsheets directly to HMRC's systems for digital tax submissions.
Allows businesses to file MTD-compliant VAT returns from their spreadsheet data.
Supports quarterly submissions for self-employed individuals and landlords under MTD for ITSA.
Works with various spreadsheet applications including Microsoft Excel, Apple Numbers, Open Office, and Libre Office.
Provides a centralized platform for accountants to manage MTD filings for multiple clients.
Additional features
Officially recognized by HM Revenue & Customs for MTD submissions.
Uses secure UK-based data centers and does not store underlying financial data from spreadsheets.
Users can upload their completed spreadsheet file to the platform for submission.
Allows users to view VAT history, filing obligations, and payment information from HMRC.
Supports exporting reports from Sage and QuickBooks to Excel for MTD submission via the platform.
Pricing
Annual plans
- MTD for VAT filing
- Compatible with Excel, Apple Numbers, Open Office, Libre Office
- Link or insert worksheet to your spreadsheet
- View VAT history
Price includes a first year 50% discount.
Source: vendor pricing page →- MTD for ITSA filing
- File quarterly data to HMRC
- Includes multiple self-employments and property lets per taxpayer
- Use your own spreadsheet or theirs (for an extra fee)
Price includes a first year 50% discount.
Source: vendor pricing page →Countries & Languages
Available in
Interface languages
Billing currencies
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About 123 Sheets
HMRC-approved Making Tax Digital (MTD) bridging software for UK businesses, landlords, and accountants. It enables users to file VAT and Income Tax returns directly from their existing spreadsheets (Excel, Apple Numbers, etc.
123 Sheets Details
123 Sheets's In-App Market Place
Does 123 Sheets have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Plans
Annual plans
- MTD for VAT filing
- Compatible with Excel, Apple Numbers, Open Office, Libre Office
- Link or insert worksheet to your spreadsheet
- View VAT history
Price includes a first year 50% discount.
Source: vendor pricing page →- MTD for ITSA filing
- File quarterly data to HMRC
- Includes multiple self-employments and property lets per taxpayer
- Use your own spreadsheet or theirs (for an extra fee)
Price includes a first year 50% discount.
Source: vendor pricing page →Accepted Payment Currencies
GBP
Pros & Cons
- Allows users to keep their existing spreadsheet-based bookkeeping systems.
- Officially approved by HMRC, ensuring compliance with UK tax regulations.
- Provides a cost-effective solution compared to full accounting software suites.
- Supports a wide range of spreadsheet applications, not just Microsoft Excel.
- Offers a dedicated portal for accountants to manage multiple clients efficiently.
- The software is highly specific to UK MTD regulations and is not for general accounting.
- It is a bridging tool, not a full bookkeeping or accounting platform.
- The user interface is functional but appears dated.
- No free tier is offered, although a demo is available.
- Does not offer live chat or a dedicated support email on its contact page.
123 Sheets's Support Options
Contact
01483 951155123 Sheets's Alternatives
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