New research from Monzo, the digital bank with over 800,000 business customers, reveals British small businesses invest nearly £5 billion (£4.8 bn)* every year in tax and accounting software. With Making Tax Digital (MTD) for Income Tax changes coming in April, Monzo is helping make submitting quarterly updates and the end of year tax return simpler and more accessible for Britain’s smallest businesses by launching a free, HMRC-recognised tax tool.