Empowering Sole Traders with Automated Tax Management
New Zealand tax provider for sole traders Hnry expands to the UK and partners with Edenred Payment Solutions (Fintech Finance News). Hnry supports its users in all kinds of tax-related activities, such as filing taxes, expense management, and expert support for personal tax questions.
How the Service Works
The financial offering of Hnry in the UK includes a payment account and debit card, which Edenred Payment Solutions provides. The sole trader can use the payment account to receive all of their self-employed income, and Hnry will then automatically calculate, deduct and pay the right amount of tax for every incoming payment. The remainder of the amount will be transferred to the user's chosen account, typically their personal bank account, where they spend their money. In addition, the Hnry Mastercard can be used for all business-related expenses.
Addressing a Common Challenge
The solution is comparable to other sole-trader solutions in Europe, such as Accountable (Belgium and Germany). One of the common challenges for sole traders is that they are unsure how much of the money they receive from their clients is actually theirs, as they need to pay VAT, income tax, and business expenses. Digital tools like Hnry make this a lot easier and provide insight about taxes due that the sole trader typically never had.
Perfect Timing for UK Expansion
And there is a reason why Hnry made the significant expansion from Down Under to the UK in 2025, as the British government is actively working towards “Making Tax Digital” with a big launch date in April 2026. Solutions like Hnry are needed to achieve such ambitious goals.
