Taxfiler Ltd.

What Taxfiler Ltd. does

Taxfiler Ltd. (legal entity IRIS Capital Limited, operating as IRIS Software Group) is a UK-based provider of cloud tax and accounts software for accountancy practices, with its primary product IRIS Elements Tax positioned for small, medium, and large practices. The platform is HMRC-recognised and Making Tax Digital (MTD) ready, offering direct HMRC API integration for submissions and data retrieval, automatic iXBRL tagging for corporation tax, year-over-year data carry-forward, and an AI-powered anomaly detection tool included across all plan tiers. The product is sold in three tiers (Tax Essentials, Tax Professional, Tax Enterprise) with add-on modules including VAT Filer, Trust Tax, Cashbook, and Accounts Production, alongside third-party integrations with KashFlow, Xero, and QuickBooks.

The business operates a hybrid SaaS revenue model: self-serve monthly/annual subscriptions for the Essentials and Professional tiers (with a free 30-day trial), and sales-led custom-quote engagements for the Enterprise tier. A £250/year Service Plan and bespoke Professional Services training provide incremental revenue. The firm operates in the UK only, has 1-10 employees per firmographic data (likely reflecting the Taxfiler-specific entity within the larger IRIS Software Group, which retains multiple subsidiaries and brands across HR, payroll, and education verticals).

Customers are predominantly UK accounting practices ranging from sole practitioners to multi-hundred-client firms, with named case studies including Eccounting Made Easy Ltd, Power Accountants, and individual practitioner Louisa Burton. The company has received industry recognition including a 2019 Cloud Excellence Award and 2023 UK IT Industry Awards. Leadership consists of James Reeves (Founder, CEO and Director). Strategic positioning emphasises regulatory compliance, ecosystem integration within the IRIS Elements platform, and AI-assisted error prevention as primary differentiation levers.

Name

Taxfiler Ltd.

Legal name

IRIS Capital Limited

Website

https://taxfiler.co.uk

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Taxfiler Ltd. (trading as IRIS Software Group) provides IRIS Elements Tax, an HMRC-recognised, MTD-ready cloud tax and accounts platform serving UK accountancy practices from sole practitioners through 250+ client enterprises, with tiered SaaS subscriptions and embedded AI anomaly detection.

Ownership category

akta.pro rank

Product category

Tax Accounting Software

NAICS

Tax Preparation Services (541213), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Tax Planning & Personal Tax Optimization Tools (FSAGADAJ)

akta.pro secondary industries

Tax Advisory & Compliance (BPAHABAB), Indirect Tax (VAT/GST/Sales & Use) Services (BPAHABAJ)

Keywords

• Tax accounting software
• Cloud accountancy platform
• HMRC compliance software
• Making tax digital
• Practice tax software

Headquarters

HQ city

Hemel Hempstead

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Subscription (SaaS): Monthly or annual subscription-based pricing for IRIS Elements Tax software with three tiered plans. Pricing is per user/per client model with minimum subscription costs. Additional revenue from optional extras including IRIS Elements Trust Tax, Accounts Production, and Professional Services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Taxfiler Ltd. (trading as IRIS Software Group) develops and sells IRIS Elements Tax, a cloud-based HMRC-recognised, MTD-ready tax accounting software platform for UK accountancy practices. The platform is offered in three subscription tiers (Tax Essentials, Tax Professional, Tax Enterprise) and automates tax returns for Individuals, Partnerships, and Companies; tax computations; direct HMRC submissions; VAT filing; and includes built-in AI-powered anomaly detection. Complementary modular products include VAT Filer, IRIS Elements Trust Tax, IRIS Elements Cashbook, IRIS Elements Accounts Production, an annual Service Plan, and bespoke Professional Services training.

Product overview

IRIS Software Group offers a modular cloud-based accountancy software platform called IRIS Elements, with IRIS Elements Tax being the primary tax accounting product. The platform uses a platform-plus-modules architecture where IRIS Elements Tax is available in three tiers (Essentials, Professional, Enterprise) with optional add-ons including VAT Filer, Trust Tax, Cashbook, Accounts Production, and professional services. All tax accounting software is HMRC-recognised and MTD for ITSA-ready, with AI-powered anomaly detection included across all plans. The platform integrates with third-party accounting tools (KashFlow, Xero, QuickBooks) and connects directly to HMRC APIs for submissions and data retrieval.

Differentiator

Problem solved

Functional benefit

Brands

• IRIS Elements: Integrated cloud accountancy platform with tax, accounts production, practice management, and other modules for accountants and bookkeepers.
• IRIS Accountancy Suite
• IRIS Practice Engine
• IRIS Innervision
• IRIS KashFlow Bookkeeping
• IRIS Firm Management
• IRIS Cascade
• Staffology HR
• Staffology Payroll
• Staffology Bureau
• IRIS GP Payroll
• IRIS Payroll Professional
• IRIS Financials
• IRIS ParentMail
• IRIS Hosting
• IRIS Anywhere
• IRIS Outsourcing
• IRIS WebPortal
• IRIS Recruitment
• IRIS Recruitment Services
• IRIS Payroll Services
• IRIS Audit Outsourcing
• Troncmasters
• IRIS Paycheck Plus
• IRIS HR Consulting
• IRIS Trust Tax

Products and services

• IRIS Elements Tax HMRC-recognised, MTD-ready cloud tax accounting software for UK accountants, available in three subscription tiers (Tax Essentials for small practices, Tax Professional for medium/large practices with complex needs, and Tax Enterprise for 250+ client firms). Automates tax returns for Individuals, Partnerships and Companies, tax computations, direct HMRC submissions, VAT filing, and includes AI-powered anomaly detection.
• VAT Filer Bridging solution for Making Tax Digital compliance that transfers VAT data from spreadsheets or bookkeeping solutions via digital links before submitting directly to HMRC via the HMRC API, with retrieval of previously submitted VAT data.
• IRIS Elements Trust Tax Tax Return completion software for trusts including charitable and non-resident trusts, fully integrated within IRIS Elements to avoid workload duplication. Generates all variations of R185 forms for distribution to beneficiaries and enables online filing to HMRC including previous years.
• IRIS Elements Cashbook Cloud bookkeeping software included free with IRIS Elements Tax or IRIS Elements Accounts Production subscriptions, enabling bookkeeping workflows alongside tax and accounts modules.
• IRIS Elements Accounts Production Standalone accounts production software (Essentials and Professional plans) for accountants and bookkeepers, integrating with IRIS Elements Tax for seamless data transfer between accounts and tax modules.
• IRIS Elements Service Plan Essentials Plus Annual telephone support service (£250/year) providing IRIS Elements customers with access to knowledgeable analysts Monday-Friday 9am-5pm, plus Community Portal access.
• IRIS Elements Professional Services Bespoke training webinars delivered by subject matter experts with accountancy practice experience, tailored to specific practice requirements covering IRIS Elements process, functionality, and best practices.

Quantifiable outcome

• Faster review cycles through AI anomaly detection
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• KashFlowcoreTechnology or IntegrationThird-party accounting software integration. IRIS Elements Tax connects with KashFlow bookkeeping solutions, enabling data import and seamless workflow for shared customers.
• XerocoreTechnology or IntegrationThird-party accounting software integration. IRIS Elements Tax integrates with Xero, allowing users to import accounting data and maintain workflow continuity.
• QuickBookscoreTechnology or IntegrationThird-party accounting software integration. IRIS Elements Tax connects with QuickBooks, enabling easy data import and integrated accounting-to-tax workflow.
• HMRCcoreTechnology or IntegrationRegulatory integration partnership. IRIS Elements Tax is HMRC-recognised and connects directly to HMRC APIs for MTD compliance, VAT submissions, and data retrieval.

Recent moves6 records

Expansion highlights4 records

Direct peers

• TaxCalc: Direct UK tax compliance software rival targeting accountancy practices with HMRC-recognised personal and corporation tax products. Closest head-to-head competitor to IRIS Elements Tax in the UK practice tax software market.
• BTCSoftware: UK-based practice software provider offering tax, accounts production and bookkeeping tools to accountants. Comparable in target customer (accountancy practices), product scope (tax compliance) and UK regulatory orientation.
• FreeAgent: UK-focused cloud accounting solution (owned by NatWest) with strong uptake among UK accountants and micro practices. Comparable in targeting small UK accountancy practices and integrating tax compliance workflows.
• Capium: UK accountancy practice software suite covering bookkeeping, accounts production and tax submissions. Comparable as a UK practice-focused competitor selling MTD-compliant, HMRC-recognised tools with tiered pricing.

Broad incumbents

• Sage Group: UK-headquartered incumbent accounting and payroll software giant serving SMBs and practices. Overlaps with Taxfiler via Sage Tax and practice solutions, though it is a much broader platform spanning bookkeeping, payroll, HR and ERP.
• Xero: Global cloud accounting platform with a strong UK SMB/accountant base. Comparable because Taxfiler integrates with Xero, and many UK practices run Xero alongside IRIS Elements Tax for end-to-end tax workflows.
• Intuit QuickBooks: Cloud accounting platform with UK presence and accountant-facing products. Comparable via native integration into IRIS Elements Tax, addressing overlapping end-clients (UK SMBs) and competing for the same practice relationships.
• Wolters Kluwer CCH: Global tax and accounting compliance platform serving larger accountancy firms and corporates. Comparable in providing UK tax compliance, iXBRL and HMRC-submission tooling, though positioned upmarket relative to Taxfiler's SMB/mid-market focus.

Emerging players

• VT Software: UK practice-focused accounting and tax software vendor serving small accountancy firms. Overlaps with IRIS Elements Tax on customer segment (UK sole-practitioner / small practices) and product area (MTD-ready tax and accounts).
• Andica: UK-based cloud tax and accounts software aimed at accountants and small businesses. Comparable niche player with HMRC-recognised, MTD-aligned tax software targeting similar UK practice and SMB users.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/taxfilerltd
• Facebookfacebook.com/taxfiler
• LinkedInuk.linkedin.com/company/iris-software-group
• Instagraminstagram.com/irissoftwaregroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Taxfiler Ltd.