Making Tax Digital · North East London
Making Tax Digital accountants in High Street, Waltham Forest
From April 2026, sole traders and landlords in High 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 High Street
Sole traders and landlords in High Street, Waltham Forest 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 High Street, Waltham Forest, 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 High Street
The price for making tax digital is published on this page and is what a client in High Street pays. We confirm it in writing first, and the invoice matches the quote.
Nothing for High Street 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 North East London, no parking. Everything for making tax digital in High Street happens online, with a real person on the other end during UK working hours.
A named person handles your making tax digital from High Street and knows the file, so you are not re-explaining your business to a different helpdesk each time.
Plain English, with the numbers. Every draft for High Street comes with a short explanation of what the figures mean and what, if anything, you should do about them.
Approval before filing is a rule, not a courtesy. For making tax digital in High Street, Waltham Forest, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About High Street, Waltham Forest
High Street, Waltham Forest is in North East London, within Waltham Forest, in the E17 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 |
|---|---|---|
| Blackhorse Road | 0.5 mi | N |
| Markhouse | 0.7 mi | E |
| Craven Walk | 0.8 mi | W |
| Leyton Marshes | 0.8 mi | S |
| Tottenham Hale | 0.8 mi | NW |
| William Morris | 1.0 mi | NE |
| Lea Bridge, Waltham Forest | 1.0 mi | S |
| Higham Hill | 1 mi | NE |
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
The confirmation statement is the annual check that the public register is right: officers, registered office, SIC codes, shareholders and the PSC register. It carries a £50 fee and no financial penalty for lateness, but failure to file leads to compulsory strike-off. The identity verification regime introduced in November 2025 has added a further check to every statement.
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
The tax year runs from 6 April to 5 April. Anyone new to Self Assessment must register by 5 October after the end of the tax year in which their untaxed income began. The online return and the balancing payment are due by 31 January, with a second payment on account on 31 July where they apply. Paper returns have an earlier deadline of 31 October and are rarely sensible.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
Late filing penalties
HMRC's penalties for a late Self Assessment return are automatic: £100 the day after 31 January, £10 a day from three months late up to £900, then the greater of £300 or 5% of the tax at six and twelve months. Interest and separate late-payment penalties apply to the tax itself. Companies House charges £150 to £1,500 for late accounts, doubling for a second consecutive year.
Corporation Tax rates and marginal relief
Companies pay Corporation Tax at 19% on profits up to £50,000 and 25% on profits over £250,000. Between those figures marginal relief applies, producing an effective rate that rises gradually and a marginal rate of 26.5% on each pound in the band. The thresholds are divided by the number of associated companies, so a director with two companies has thresholds of £25,000 and £125,000 for each.
Questions
Making Tax Digital questions from High Street
Can I do MTD myself without an accountant?
Yes, if you are comfortable keeping the records digitally and submitting four updates and a declaration each year on time. Many sole traders do. The value we add is in the setup being right, the categories mapping correctly to HMRC's lines, the deadlines never being missed and the year-end declaration including the adjustments and allowances that reduce your tax.
What is the full MTD service?
From £299 a year: software subscription guidance, digital record review each quarter, the four quarterly updates submitted, and the year-end final declaration prepared and filed with capital allowances, adjustments and all other income included. It replaces the traditional Self Assessment fee for clients in MTD. Bookkeeping can be added if you would rather not do the recording.
How does MTD for VAT differ?
MTD for VAT has applied to all VAT-registered businesses since April 2022: digital records and returns submitted through compatible software, with the same quarterly return as before. If you are still typing figures into a portal or using software that is not linked, you are non-compliant. Our £129 setup includes the first return filed.
What if my income drops below the threshold later?
Once in MTD you stay in unless your qualifying income falls below the threshold for three consecutive years, after which you can apply to leave. There are exemptions for digital exclusion on grounds of age, disability, location or religion, which must be applied for and granted by HMRC.
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 High Street, Waltham Forest?
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 High 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 High 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.
Fixed fees, filed on time, for High Street
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.