
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What is Making Tax Digital and who needs to comply?
Making Tax Digital (MTD) is an HMRC initiative requiring businesses to keep digital records and submit quarterly updates. Currently, VAT-registered businesses with turnover above £85,000 must comply with MTD for VAT. From April 2026, MTD for Income Tax will apply to self-employed individuals and landlords with income over £50,000.
How do I find a qualified accountant for MTD in Wanstead London?
Use AccountingFirms.co.uk to browse verified accountants in Wanstead London. Filter by specialisms such as MTD compliance, VAT, or Self Assessment. Each listing shows the firm's accreditations (ACCA, ICAEW, AAT), client reviews, and fee information, allowing you to compare and choose a professional suited to your needs.
What qualifications should a Making Tax Digital accountant hold?
Look for accountants who are members of recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant adheres to strict ethical standards, undergoes continuous professional development, and has the expertise to handle MTD requirements, VAT returns, and Corporation Tax filings accurately.
Can an accountant help me with both VAT and Self Assessment under MTD?
Yes, many accountants specialise in both MTD for VAT and MTD for Income Tax. They can manage your digital records, submit quarterly updates to HMRC, and prepare your annual Self Assessment tax return. This integrated approach ensures consistency across your tax obligations and reduces administrative burden.
What happens if I do not comply with Making Tax Digital rules?
Failure to comply with MTD requirements can result in penalties from HMRC, including late submission fines and interest on unpaid tax. A qualified accountant can help you set up compatible software, maintain accurate digital records, and meet all deadlines, thereby avoiding these penalties and keeping your business compliant.
How do I choose between different accountants listed on the directory?
Compare firms by reviewing their specialisms, client testimonials, and fee structures on AccountingFirms. Consider whether they have experience with your business type (sole trader, limited company) and specific services like MTD, payroll, or audit. Contact a few firms for an initial consultation to assess their approach and compatibility with your needs.
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