Making Tax Digital · South London
Making Tax Digital accountants in Borough, Southwark
From April 2026, sole traders and landlords in Borough with qualifying income over £50,000 must keep digital records and send HMRC four quarterly updates a year, with the £30,000 threshold following in April 2027. We tell you exactly when it applies to you, get the software and records in order, and run the submissions for a fixed fee.
from £99 · fixed setup, then from £35/quarter
Next deadlines
- MTD quarterly update deadline (7 August, 7 November, 7 February, 7 May)
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
Who this is for
Making Tax Digital for Borough
Sole traders and landlords in Borough, Southwark with qualifying income over £50,000 who are already in MTD for Income Tax, those over £30,000 joining in April 2027 and £20,000 planned for April 2028, VAT-registered businesses still filing from spreadsheets or non-compliant software, and anyone who received an HMRC letter about digital record keeping and wants it handled rather than explained.
What is included
Everything inside the fixed fee
- Your MTD start date confirmed from your 2024/25 qualifying income and HMRC's phased thresholds
- MTD-compatible software chosen, set up and connected to HMRC with digital links from bank feeds
- Digital record keeping configured so every transaction meets the requirements without re-keying
- Quarterly updates submitted to HMRC by the 7th following each quarter, from your reconciled records
- The year-end final declaration prepared and filed in place of the traditional Self Assessment return
- MTD for VAT setup and the first return filed for businesses still on spreadsheets or old software
How it works
Making Tax Digital from Borough, Southwark, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
Why Borough businesses file with IGI
The price for making tax digital is published on this page and is what a client in Borough pays. We confirm it in writing first, and the invoice matches the quote.
Nothing for Borough is left to the last week. Each deadline relevant to making tax digital is tracked from the day you join, with the next four shown on every page we send you.
No appointments, no travel across South London, no parking. Everything for making tax digital in Borough happens online, with a real person on the other end during UK working hours.
A named person handles your making tax digital from Borough and knows the file, so you are not re-explaining your business to a different helpdesk each time.
The output for Borough clients is never just a form. It is the form, a one-page summary of what it says, and a note of the decisions it points to for making tax digital.
Nothing is filed for Borough until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Borough, Southwark
Borough, Southwark is in South London, within Southwark, in the SE1 postcode district, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.
| Place | Distance | Direction |
|---|---|---|
| Chaucer | 0.2 mi | SE |
| Cathedrals | 0.3 mi | W |
| Borough Market | 0.3 mi | NE |
| Southwark | 0.5 mi | NW |
| Elephant and Castle | 0.5 mi | SW |
| London Bridge | 0.5 mi | NE |
| Bankside, Southwark | 0.6 mi | NW |
| Dowgate | 0.6 mi | N |
Worth knowing
Rules that come up in this work
CIS deductions
The Construction Industry Scheme affects both sides of a construction payment. Contractors must verify subcontractors, deduct the right amount, issue statements and file monthly, with penalties from £100 for each late return. Subcontractors suffer deductions on turnover and recover the excess at the year end. Limited company subcontractors offset deductions against PAYE monthly instead.
Confirmation statements and identity verification
Every company must file a confirmation statement at least once a year, within fourteen days of its review date, with a £50 Companies House fee. Since November 2025 directors and people with significant control must also verify their identity with Companies House, and the confirmation statement is where existing officers confirm they have done so during the transition year.
Corporation Tax rates and marginal relief
Corporation Tax is not a flat rate. Profits to £50,000 pay 19%, profits above £250,000 pay 25%, and the band between is taxed at an effective marginal rate of 26.5% through the marginal relief mechanism. Associated companies share the thresholds, which catches directors who own more than one company and is the most common cause of underpaid tax in owner-managed groups.
The VAT registration threshold
The £90,000 VAT threshold is measured over any twelve consecutive months, which is why a strong quarter can tip a business over unexpectedly. Registration must follow within thirty days of the end of the month the threshold was crossed. Below the threshold, voluntary registration is worth considering when customers are VAT-registered businesses and costs carry VAT.
Director's loan accounts
A director's loan account records money moving between a director and the company that is not salary or dividend. If the director owes the company money nine months and one day after the year end, the company pays section 455 tax at 35.75% of the balance, refundable only when the loan is repaid. Loans over £10,000 are also a benefit in kind unless interest is charged at HMRC's official rate.
Salary versus dividends
The salary-and-dividend split is the central planning decision for an owner-managed company. Salary costs employer National Insurance above £5,000 but is deductible; dividends are not deductible but attract lower personal rates and no National Insurance. The optimum changes each April with the thresholds and depends on the director's other income, so it should be set deliberately every year.
Payments on account
A common surprise in Self Assessment is the January payment that is far larger than expected. That is the balancing payment for the year just ended plus the first payment on account for the year ahead, which HMRC sets at half of the bill just calculated. We put the figure in your hands months ahead and tell you how to adjust it legitimately when circumstances change.
Questions
Making Tax Digital questions from Borough
Can I keep using my spreadsheet?
Only with bridging software that links the spreadsheet digitally to HMRC, and the links must be digital, not copy-and-paste. For VAT this remains workable; for Income Tax the quarterly category reporting makes proper software far less effort. We set up whichever approach suits you and explain the trade-off honestly.
What does the £99 readiness check and setup include?
Confirmation of your start date, choice and setup of MTD-compatible software suited to your business, bank feeds connected, the chart of categories mapped to HMRC's reporting lines, the authorisation of the software with HMRC, and a short walkthrough so you know how to capture receipts and invoices day to day.
What do I actually have to do under MTD for Income Tax?
Keep records of income and expenses digitally in compatible software, send HMRC a quarterly update summarising them by 7 August, 7 November, 7 February and 7 May, and submit a final declaration with any adjustments and other income by 31 January. The tax payment dates are unchanged.
When does Making Tax Digital for Income Tax apply to me?
It depends on your gross self-employment plus property income on your 2024/25 return: over £50,000 means you joined from 6 April 2026; over £30,000 means 6 April 2027; over £20,000 is planned for April 2028. Below £20,000 there is currently no requirement. We check your figures and confirm the date in writing.
I am a landlord with a job. Does MTD apply to my rental income?
Yes, if your gross rental income, added to any self-employment income, exceeds the threshold for your start year. Employment income does not count towards the threshold but is reported in the final declaration. Jointly owned property has simplified rules allowing the income-only reporting of your share each quarter.
What are the penalties under MTD?
A points-based system: one point for each late quarterly update or declaration, and a £200 penalty once you reach four points, with the count resetting after a period of compliance. Late payment penalties start at 3% after 15 days. The first year has been described by HMRC as light-touch, but points still accrue.
How do I get started from Borough, Southwark?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for making tax digital. Once you confirm, we tell you exactly which records to send and the work begins. Most Borough clients are set up within a day.
Which deadlines matter most for making tax digital?
The next four dates that apply to making tax digital are shown at the top of this page, calculated from today. For Borough clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
Start the conversation from Borough
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.