Making Tax Digital · Central London
Making Tax Digital accountants in Bread Street, City of London
From April 2026, sole traders and landlords in Bread Street 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 Bread Street
Sole traders and landlords in Bread Street, City of London 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 Bread Street, City of London, 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
The IGI way of working, in Bread Street
No hourly rate and no surprise invoice. Bread Street clients know the fee for making tax digital before they send a single document, and it stays fixed.
Deadline-first: the dates that matter for making tax digital are shown at the top of this page, diarised for every Bread Street client and chased before they arrive.
Online only, UK based. There is no office in Bread Street to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
You get one contact for making tax digital, not a queue. Bread Street, City of London clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain making tax digital in the words Bread Street, City of London business owners use, not in accountant's shorthand, and we show our working so you can check it.
You stay in control of making tax digital: drafts go to Bread Street clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Bread Street, City of London
Bread Street, City of London is in Central London, within City of London, in the EC4M 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 |
|---|---|---|
| St Paul's, City of London | 0.0 mi | W |
| Mansion House | 0.2 mi | SE |
| Cheap | 0.2 mi | NE |
| Ludgate Hill | 0.2 mi | W |
| Queenhithe | 0.2 mi | S |
| Cheapside, City of London | 0.2 mi | E |
| Cordwainer | 0.2 mi | E |
| Puddle Dock | 0.2 mi | SW |
Worth knowing
Rules that come up in this work
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.
The Self Assessment calendar
Self Assessment runs on a fixed annual cycle. Registration by 5 October following the tax year, online filing and payment by 31 January, and a second instalment on 31 July for those making payments on account. The penalties for lateness are automatic and escalate monthly, which is why we file early and chase approvals well before the window closes.
Making Tax Digital for Income Tax
Making Tax Digital for Income Tax began in April 2026 for sole traders and landlords with qualifying income over £50,000, extends to those over £30,000 in April 2027 and is planned for £20,000 in April 2028. It requires digital records in compatible software and four quarterly updates to HMRC each year, with a final declaration replacing the traditional return. Payment dates are unchanged.
Late filing penalties
Lateness is expensive in a way that compounds. For individuals, £100 immediately, then daily penalties, then percentage-based ones at six and twelve months, with interest running on unpaid tax throughout. For companies, Companies House penalties scale with delay and double on repeat, and HMRC adds its own for a late CT600. Filing on time is the cheapest tax planning there is.
Corporation Tax rates and marginal relief
Since April 2023 there have been two Corporation Tax rates, 19% small profits and 25% main, with marginal relief smoothing the transition between £50,000 and £250,000 of profit. The band is where planning matters: each pound of profit in it is taxed at an effective 26.5%, so pension contributions and capital expenditure timed to keep profit below £50,000 are worth more than they look.
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
Money taken from a company has to be something: salary, dividend, expense reimbursement or loan. If it is a loan and remains outstanding nine months after the year end, the company pays tax at the dividend higher rate on it until it is repaid. Clearing the balance with a properly declared dividend before the deadline, where reserves allow, is routine year-end work.
Questions
Making Tax Digital questions from Bread Street
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.
Does MTD change when I pay tax?
No. Payments on account remain due on 31 January and 31 July, and the balancing payment on 31 January after the tax year. HMRC shows an estimated liability after each quarterly update, which is useful for setting money aside, but it is not a demand.
What is in a quarterly update?
Totals of income and expenses for the quarter by category, taken straight from the digital records. No accounting adjustments, no tax calculation and no payment. The updates are cumulative, so an error in one quarter is corrected in the next. From £35 a quarter we prepare, review and submit each one from your records.
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.
How do I get started from Bread Street, City of London?
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 Bread Street 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 Bread Street 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 Bread Street
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.