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FreeAgent launches free RBS and NatWest licences

Cloud accounting software provider FreeAgent has launched a new set of licences specifically for accountants with clients that bank with the Royal Bank of Scotland and NatWest, enabling them to add their new clients to the service for free.

12 Oct 2018

Pat Sweet

Reporter, Accountancy Daily, published by Croner-i Ltd

The new licence types are the latest development arising from FreeAgent’s recent acquisition by the RBS Group, which already sees the banking giant offering FreeAgent software free of charge to all of its small business customers.

Ed Molyneux, CEO and co-founder of FreeAgent, said: ‘We are delighted to be able to now give accountancy practices throughout the country the chance to enjoy the benefits of our RBS and NatWest relationship.

‘With more than a million business owners currently banking with these high street banks - approximately a quarter of the UK’s small business sector - this is a significant opportunity for accountants looking to expand and grow their practices.’

Molyneux pointed out FreeAgent has been added to HMRC’s list of software providers that are ready for the introduction of Making Tax Digital for VAT, which takes effect from April 2019.

‘It also means that accountants and small business owners banking with RBS and NatWest now have access to a free, Making Tax Digital-ready solution. We envisage that this will prove very popular during the run up to next April, when the first phase of digital tax comes into effect,’ he said.

Report by Pat Sweet

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