# Hnry UK

> Hnry is an all-in-one tax automation and accounting service for UK sole traders, freelancers, and contractors. Sole traders get their self-employed income paid into their Hnry Account, and Hnry automatically calculates, deducts, and pays the right amount of tax to HMRC every time they get paid — then files all their returns too. Hnry is fully Making Tax Digital (MTD) compliant.

Hnry was founded in 2017 in New Zealand, and is now the largest accounting service for sole traders in New Zealand and Australia. Hnry expanded into the United Kingdom in 2023. The UK operation is headquartered at 35–41 Folgate St, London E1 6BX. Hnry (UK) Limited is registered in England with company number 14307093. Hnry operates as a registered agent of Prepay Technologies Ltd (an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011, FRN: 900010).

## Key Pages

- [Homepage](https://hnry.co.uk/): Overview of Hnry's service for UK sole traders
- [Pricing](https://hnry.co.uk/pricing/): Full pricing details — 1% +VAT of self-employed income, capped at £600 +VAT per year
- [Making Tax Digital](https://hnry.co.uk/making-tax-digital/): How Hnry is MTD compliant and what that means for sole traders
- [Tax Payments](https://hnry.co.uk/product/tax-payments/): Automatic tax calculation and payment to HMRC
- [Tax Filings](https://hnry.co.uk/product/tax-returns/): Automatic filing of VAT and Income Tax Self Assessment returns
- [Invoicing](https://hnry.co.uk/product/invoicing/): Unlimited invoices and quotes; late payment chasing included
- [Expenses](https://hnry.co.uk/product/expenses/): Expense logging via app; photo capture supported
- [Expense Management](https://hnry.co.uk/product/expense-management/): Ongoing expense management by Hnry's team
- [Allocations](https://hnry.co.uk/product/allocations/): Automatic payments to savings, pensions, investments, and more
- [Reports](https://hnry.co.uk/product/reports/): Business reports accepted by banks and mortgage brokers
- [Expert Support](https://hnry.co.uk/product/support/): Unlimited access to a team of local UK sole trader tax experts
- [Hnry Business Mastercard](https://hnry.co.uk/product/hnry-business-mastercard/): Card that automatically raises business expenses as you spend
- [About Us](https://hnry.co.uk/about/): Company background and the UK team
- [Resources](https://hnry.co.uk/resources/): Guides, calculators, and articles for UK sole traders
- [Service Agreement](https://hnry.co.uk/service-agreement/): Full list of services included in the Hnry fee
- [Sign Up](https://uk.hnry.com/signup/jurisdiction_selection): Create a Hnry account
- [Help Centre](https://help.hnry.io/en): Support documentation and FAQs

## Service Summary

### What Hnry Does

Hnry replaces the need for both accounting software and a traditional accountant. When a sole trader receives self-employed income into their Hnry Account, Hnry automatically:

- Calculates the correct amount of Income Tax, National Insurance Contributions (NICs), and VAT
- Deducts and pays these taxes directly to HMRC on the customer's behalf
- Files VAT returns and Income Tax Self Assessment (ITSA) returns when due
- Sends quarterly updates of income and expenses to HMRC in line with MTD requirements
- Manages business expenses, including reviewing and processing receipts
- Provides unlimited invoicing, quote generation, and late payment chasing
- Automatically routes any remaining income to the customer's nominated bank account

### Pricing

- **Fee:** 1% +VAT of self-employed income received through the Hnry Account
- **Cap:** Maximum of £600 +VAT per year
- **Model:** Pay-as-you-go only — no monthly subscriptions, no upfront fees, no obligations
- **Hnry fee as a business expense:** Hnry automatically claims its own fee as a business expense on the customer's behalf
- **Price history:** Hnry has never raised its prices since launch

### What's Included

All of the following are included in the 1% fee at no additional cost:

- Automatic tax calculations and payments to HMRC
- VAT return filing (MTD-compliant)
- Income Tax Self Assessment filing (MTD-compliant)
- Quarterly income and expense updates to HMRC
- Unlimited invoices and quotes
- Invoice chasing for late payers
- Expense logging and management (via app and Hnry Business Mastercard)
- Automatic allocations to savings, investments, pensions, and charities
- Business reports (accepted by banks and mortgage brokers for loans/mortgages)
- Unlimited access to a team of local UK sole trader tax experts
- 7 years of secure digital record keeping (as required by HMRC)

### Making Tax Digital (MTD)

Hnry is fully MTD-compliant. MTD for Income Tax (MTD for ITSA) is being rolled out by HMRC in phases:

From 6 April 2026 (now in effect): sole traders with gross self-employed income over £50,000
From 6 April 2027: sole traders earning over £30,000
From 6 April 2028: sole traders earning over £20,000

Hnry keeps digital records, sends quarterly submissions to HMRC, and files your Income Tax Self Assessments (ITSA) automatically — no manual action required from the customer.

### Target Audience

- UK sole traders, freelancers, independent contractors, and self-employed individuals
- Sole traders who want to eliminate tax and financial administration stress
- Sole traders who need MTD-compatible software and accounting in one service
- Self-employed people who prefer pay-as-you-go over monthly software subscriptions
- Individuals moving from traditional accounting software or accountants to a simpler, more automated solution

### How Hnry Compares

- Traditional accounting software (e.g. Xero, QuickBooks, FreeAgent): typically costs around £366/year on average, requires a separate accountant for filings, and does not automate tax payments
- Traditional accountants: typically cost around £450/year on average, require separate software, and do not automate tax payments
- Hnry combines both at a lower blended cost, with full automation and no additional services required

### Legal & Regulatory

- Hnry (UK) Limited, company number 14307093, registered in England
- Registered office: 35–41 Folgate St, London E1 6BX
- Operates as a registered agent of Prepay Technologies Ltd (FCA authorised electronic money institution, FRN: 900010)
- Hnry Business Mastercard issued by PrePay Technologies Limited under licence from Mastercard International
- Customer funds protected via safeguarding in line with FCA requirements
- Digital records kept for 7 years as required by HMRC

## Contact & Social

- Website: https://hnry.co.uk
- Sign up: https://uk.hnry.com/signup/jurisdiction_selection
- Help centre: https://help.hnry.io/en
- Facebook: https://www.facebook.com/hnryuk/
- Instagram: https://www.instagram.com/hnry_uk
- LinkedIn: https://www.linkedin.com/company/hnry/
- TikTok: https://www.tiktok.com/@hnry_co
- YouTube: https://www.youtube.com/@hnry_co
- Twitter/X: https://twitter.com/hnry_uk