East London · England
Accountants in Spitalfields
Businesses in Spitalfields use us for three reasons: the price is known in advance, the filing is done on time, and the numbers are explained in plain English. Every service listed below is available in Spitalfields at the published fee, which is the same across England. We are an online firm with UK-based staff, a named contact for each client and a rule that nothing is filed until you have approved it.
Next deadlines
- 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
- Confirmation statement due within 14 days of your review date, at least once every 12 months
Services
What we do for Spitalfields and what it costs
All 26 services below are available to Spitalfields clients at the published fee. Every fee is fixed and confirmed in writing before work starts.
Why IGI
Working with Spitalfields businesses
Clients in Spitalfields are not a branch or a territory to us; they are files handled by the same team that serves the rest of the UK, at the same price. The fee you see is confirmed in writing before work starts. The dates you see are diarised and chased. And the person who prepares your first return is the person who prepares the next one.
The price for self assessment tax returns is published on this page and is what a client in Spitalfields pays. We confirm it in writing first, and the invoice matches the quote.
Deadline-first: the dates that matter for self assessment tax returns are shown at the top of this page, diarised for every Spitalfields client and chased before they arrive.
No appointments, no travel across East London, no parking. Everything for self assessment tax returns in Spitalfields happens online, with a real person on the other end during UK working hours.
Local facts
About Spitalfields
Spitalfields sits in East London, within Tower Hamlets (Spitalfields & Banglatown ward), postcode district E1. 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 |
|---|---|---|
| Spitalfields and Banglatown | 0.2 mi | E |
| Brick Lane | 0.2 mi | E |
| Bishopsgate, City of London | 0.3 mi | W |
| Broadgate, City of London | 0.3 mi | W |
| Portsoken | 0.4 mi | S |
| Aldgate, City of London | 0.4 mi | S |
| Whitechapel | 0.4 mi | E |
| Liverpool Street | 0.5 mi | W |
All places in East London · East London places beginning with S
Worth knowing
Rules that affect most businesses here
Salary versus dividends
Directors of their own companies usually take a salary at or just above the National Insurance thresholds, which keeps the year qualifying for State Pension and is deductible for Corporation Tax, with further income as dividends. Dividends above the £500 allowance are taxed at 10.75%, 35.75% and 39.35% by band and can only be paid from distributable profits after tax, with a minute and voucher each time.
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.
The VAT registration threshold
VAT registration is compulsory once taxable turnover in any rolling twelve-month period exceeds £90,000, or when you expect to exceed that in the next thirty days alone. The test is rolling, not by tax year, and includes zero-rated sales. Businesses regularly cross it without noticing, and late registration means accounting for VAT on sales where it was never charged to customers.
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.
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.
Questions
Questions from Spitalfields
What if my Spitalfields business is a partnership or an LLP?
Both are covered. Partnerships need a partnership return and a Self Assessment for each partner; LLPs file accounts with Companies House under company-style rules as well. We quote a fixed fee for the set based on the number of partners or members, and the process is the same as for any other client in Spitalfields: records in, draft out, approve, filed.
Do you work with businesses in East London that are not in Spitalfields itself?
Yes. Every place in East London has its own page on this site and the same fees apply throughout. The nearest-places list on this page links to them. Wherever in England your business is based, the service is identical because none of it depends on where you are.
How quickly do you respond?
In UK working hours, usually within a few hours and always the same working day. Each Spitalfields client has a named contact who knows the file. Outside working hours, WhatsApp and email messages are picked up first thing the next morning. In January and at other peak times we tell you your turnaround when you book rather than leaving you guessing.
Are your fees inclusive of everything?
Our fee covers the work described for the package. Companies House fees, such as £100 to incorporate or £50 for a confirmation statement, are charged separately and passed on at cost. Software subscriptions are in your own name. There is nothing else: no hourly extras, no charge for questions, and no additional year-end invoice for Spitalfields clients on monthly packages.
Do you have an office in Spitalfields?
No. IGI Accounting is an online-only firm. We serve Spitalfields 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 self assessment tax returns is the same in Spitalfields as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is self assessment tax returns in Spitalfields really the same price as elsewhere?
Yes. The fee published on this page is what a client in Spitalfields 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.
Ready to fix your fee in Spitalfields?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.