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Federation of Small Businesses MTD vs MYT: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Federation of Small Businesses MTD or MYT?

We compare them based on real user reviews, prices and what features they both offer.

Federation of Small Businesses MTD homepageMYT homepage
 

Federation of Small Businesses MTD vs MYT Basics

Federation of Small Businesses MTDMYT
Software WebsiteFederation of Small Businesses MTD WebsiteMYT Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?BusinessesBusinesses and Self-employed
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, and iOSCloud-based application, Android, and iOS
Note data for this section comes from HMRC here and here

Federation of Small Businesses MTD vs MYT Reviews

Wondering if Federation of Small Businesses MTD or MYT has better user reviews. We compared them below.

Federation of Small Businesses MTDMYT
Trustpilot RatingNo RatingNo Rating
Number of Trustpilot ReviewsNo ReviewsNo Reviews
iPhone App RatingNo Rating5
Number of iPhone ReviewsNo Reviews28
Android App RatingNo Rating4.7
Number of Android ReviewsNo Reviews18
Please note ratings we’re accurate at the time of writing but may have since changed

Federation of Small Businesses MTD vs MYT Prices

Which is cheaper Federation of Small Businesses MTD or MYT? Here are their prices compared.

Federation of Small Businesses MTD pricingMYT pricing

Free Plans & Trials

Federation of Small Businesses MTDMYT
Free Plan?YesNo
Free Trial?NoYes
Free Trial Length?No30 Days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

Federation of Small Businesses MTDMYT
Cheapest Plan Cost Per Month£8.40£10.00
Mid-Tier Plan Cost Per Month£16.80£20.00
Top Plan Cost Per Month£30.00£30.00
Data taken from each company’s website at the time of writing but may have since changed.

Federation of Small Businesses MTD vs MYT Features

Federation of Small Businesses MTD featuresMYT features

Federation of Small Businesses MTD Basic Features

  • 1 Free User (Fixed)
  • 100MB (Fixed)
  • Embedded Video Tutorials
  • Email & Telephone Support
  • Access to FSB Support Centre

Federation of Small Businesses MTD Software Integrations

Not Listed

MYT Basic Features

  • AI analytics up to 50 documents
  • Creating customer invoices
  • Submit VAT returns to HMRC
  • Uploading bank statements
  • BOPP Integration
  • Uploading Supplier Invoices
  • Customer list
  • Uploading CIS vouchers
  • Online Bookkeeping

MYT Software Integrations

  • QuickBooks

Common Feature Comparison

Federation of Small Businesses MTDMYT
Payroll Software IntegrationNoNo
Track VATYesNo
VAT FilingYesYes
Real-Time Financial ReportsNoYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesNo
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowNoNo
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingYesNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsNoNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

Federation of Small Businesses MTDMYT
Pros
  • Free plan
  • MTD VAT compliant
  • Create simple or multi-line estimates
  • Free trial
  • Intuitive, comprehensive, and innovative tax app
  • Artificial Intelligence Expense Capture
Cons
  • Lack of reviews
  • Low review score

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