Press Release 1 May 2019
The Financial Conduct Authority has announced that untied will be part of Cohort 5 of the regulatory sandbox, designed for financial service innovation.
“We believe that this makes us the first tax business in any cohort of the regulatory sandbox. This is a major step for untied as we set out to make personal taxes simple” said CEO and co-founder Kevin Sefton.
untied is designed for the 12 million people in the UK who submit a personal tax return.
untied’s app gives people year-round control of their taxes. It finds information from existing bank accounts, sorts it, learns from it and saves tax for the user- all in real time. At the end of the financial year, it has the tax return ready to file, straight from the app.
untied are working with major app-based and high street banks as well as HMRC to simplify taxes for millions of people.
Download PDF: untied first tax business in FCA regulatory sandbox