Making Tax Digital · North London
Making Tax Digital accountants in Edgwarebury
If you have had a letter from HMRC about Making Tax Digital in Edgwarebury, or you are not sure whether your income puts you in the first wave, this is the service. We assess your position, set up the digital records and handle every quarterly deadline for clients across North London, online, at a fee agreed before we start.
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 Edgwarebury
Sole traders and landlords in Edgwarebury 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 Edgwarebury, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Edgwarebury
The price for making tax digital is published on this page and is what a client in Edgwarebury pays. We confirm it in writing first, and the invoice matches the quote.
Deadline-first: the dates that matter for making tax digital are shown at the top of this page, diarised for every Edgwarebury client and chased before they arrive.
Online only, UK based. There is no office in Edgwarebury 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.
Continuity matters in making tax digital: the person who prepared last year's work for your Edgwarebury business prepares this year's, and remembers what was agreed.
The output for Edgwarebury 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.
Approval before filing is a rule, not a courtesy. For making tax digital in Edgwarebury, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About Edgwarebury
Edgwarebury is in North London, within Barnet, in the HA8 postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Edgware | 0.8 mi | S |
| Stanmore, Harrow | 1 mi | W |
| Elstree Park | 1 mi | NE |
| Canons | 1 mi | W |
| Canons Park | 2 mi | SW |
| Brockley Hill | 2 mi | NW |
| Little Stanmore | 2 mi | S |
| Burnt Oak, Barnet | 2 mi | S |
Worth knowing
Rules that come up in this work
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
The 60-day property CGT return
The 60-day Capital Gains Tax return on residential property is the deadline landlords most often miss, because it falls outside the Self Assessment cycle and runs from completion, not exchange. Private residence relief for periods you lived in the property, plus the final nine months, reduces the gain. Penalties for a late return mirror Self Assessment, starting at £100.
Record keeping
Good records are the difference between a quick enquiry and a long one. For the self-employed, five years after the filing deadline; for companies, six years from the year end; for VAT, six years. Photographs of receipts, PDF statements and software exports all count. The requirement is to keep records, not paper, and a well-organised cloud folder satisfies it.
Allowable expenses
An expense is allowable against trading profit if it is incurred wholly and exclusively for the business. Materials, business travel other than ordinary commuting, a proportion of home running costs, software, insurance, professional fees, bank charges and protective clothing qualify. Client entertainment, ordinary clothing, fines and the private share of mixed-use costs do not.
Employer National Insurance
Since April 2025 employer National Insurance has been 15% on earnings above a £5,000 secondary threshold, a substantial increase for small employers. The Employment Allowance rose to £10,500 at the same time to soften it for the smallest businesses. Directors deciding their own salary weigh this cost against the Corporation Tax deduction a salary provides.
Workplace pensions and auto-enrolment
Every employer must assess its workers for automatic enrolment from the first employee's start date. Those aged 22 to State Pension age earning over £10,000 a year must be enrolled into a qualifying pension with minimum contributions of 8% of qualifying earnings, at least 3% from the employer, and a declaration of compliance made to the Pensions Regulator within five months.
Dormant companies
Dormancy is a status that is easy to lose. The strict rule is no accounting transactions other than share capital and Companies House fees, which means no bank account activity at all in practice. Fees should be paid personally by the director. A company that traded and has stopped becomes dormant only after its final trading accounts and tax return are filed and HMRC is told.
Questions
Making Tax Digital questions from Edgwarebury
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.
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 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.
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 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.
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.
Do you have an office in Edgwarebury?
No. IGI Accounting is an online-only firm. We serve Edgwarebury and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for making tax digital is the same in Edgwarebury as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is making tax digital in Edgwarebury really the same price as elsewhere?
Yes. The fee published on this page is what a client in Edgwarebury pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
One message from Edgwarebury, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.