Making Tax Digital · North London
Making Tax Digital accountants in North London
Making Tax Digital is the biggest change to how the self-employed in North London report to HMRC since Self Assessment began. The full MTD service from £299 a year covers software, quarterly updates and the year-end declaration. VAT-registered businesses still on spreadsheets get compliant with the £129 setup and first return. Fixed fees, agreed in writing.
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 North London
Sole traders and landlords in North 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 North 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 North London
The price for making tax digital is published on this page and is what a client in North London pays. We confirm it in writing first, and the invoice matches the quote.
Nothing for North London 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.
Online only, UK based. There is no office in North London 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. North London clients message the same person throughout and get an answer in working hours, usually within a few hours.
Plain English, with the numbers. Every draft for North London 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 North London, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About North London
North London is in North London, within Islington, in the N7 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. George's, Islington | 0.3 mi | NW |
| Holloway, Islington | 0.3 mi | NE |
| Lower Holloway | 0.3 mi | E |
| Caledonian Road | 0.4 mi | SE |
| Tufnell Park | 0.7 mi | W |
| Cantelowes | 0.7 mi | SW |
| Highbury West | 0.8 mi | E |
| Upper Holloway, Islington | 0.8 mi | NW |
Worth knowing
Rules that come up in this work
CIS deductions
CIS turns construction subcontractors into advance taxpayers: a fifth of every labour payment goes to HMRC before they see it. Registering keeps the rate at 20% rather than 30%; gross payment status, for established businesses with a clean record, removes deductions altogether. The annual return is where the overpayment comes back, and filing it early brings the refund sooner.
Confirmation statements and identity verification
Companies House has tightened its requirements under the Economic Crime and Corporate Transparency Act: every company needs a registered email address and an appropriate registered office, every statement includes a lawful-purpose declaration, and every director and PSC must verify their identity. The confirmation statement, due annually with a £50 fee, is where most of this is confirmed.
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
Paying yourself from a company involves two routes with different tax treatment. Salary through payroll is a company expense and builds a National Insurance record; dividends come from post-tax profit at lower personal rates. Undocumented drawings that are neither become director's loans, with a 35.75% section 455 charge if not repaid within nine months of the year end.
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
Watching the rolling twelve-month turnover figure is one of the quiet jobs of monthly bookkeeping, because the £90,000 VAT threshold arrives silently. Crossing it brings quarterly returns, Making Tax Digital software and a decision about schemes. Crossing it late brings a bill for VAT you could not recover from customers and a penalty for failing to notify.
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.
Questions
Making Tax Digital questions from North London
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.
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.
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.
Is making tax digital in North London really the same price as elsewhere?
Yes. The fee published on this page is what a client in North London 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.
Do you have an office in North London?
No. IGI Accounting is an online-only firm. We serve North London 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 North London as anywhere else in the country, and why there is nothing to visit and nothing to print.
Fixed fees, filed on time, for North London
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.