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 specific HMRC obligations do landlords in London face when registering for the first time?
When registering as a landlord, you must notify HMRC of your rental income and may need to complete a self-assessment tax return each year. You should also consider whether you need to register for VAT if your rental income exceeds the £85,000 threshold. Additionally, if you are a higher-rate taxpayer, you may have to pay tax on your rental profits at 40% or 45%. Engaging a qualified accountant can help you meet all deadlines and avoid penalties.
How can an ACCA-qualified accountant assist with the registration process?
An ACCA-qualified accountant brings expertise in UK tax law and property accounting. They can guide you through the HMRC registration process, help you correctly report your rental income and expenses, and advise on allowable deductions such as mortgage interest, repairs, and letting agent fees. They also ensure compliance with Making Tax Digital, which requires digital record-keeping for landlords. Using a professional listed on AccountingFirms saves time and reduces the risk of errors.
Do I need to register for VAT as a landlord if my rental income exceeds the threshold?
If your total taxable turnover from property rental (excluding exempt residential lettings) exceeds £85,000, you must register for VAT with HMRC. However, most residential lettings are exempt from VAT, so you may not need to charge VAT on rent. Commercial property rentals may be standard-rated or optional. An accountant can assess your specific situation, advise on voluntary registration, and help with the VAT registration process. Check the directory for specialists in property tax.
What documents are typically required when engaging an accountant for landlord registration?
You will need to provide personal identification (passport or driving licence), details of all properties you own (addresses, purchase dates, and values), rental income records (tenancy agreements, rent receipts), and a list of expenses (mortgage statements, insurance, maintenance invoices). If you are a limited company, also provide company registration documents. An accountant from the directory can request these and help organise your records for HMRC submissions.
How does Making Tax Digital affect landlords who need to register with HMRC?
Making Tax Digital (MTD) for income tax requires landlords with total income over £50,000 to keep digital records and submit quarterly updates to HMRC using compatible software. This applies from April 2026 for most landlords, but earlier adopters can already prepare. An accountant experienced with MTD can set up the right software, ensure your records are compliant, and handle the digital submissions. Browse listings on AccountingFirms to find an MTD specialist.
Why should I choose an ICAEW-accredited accountant for my property portfolio?
ICAEW accreditation signifies a high level of professional training and ethical standards. These accountants are rigorously tested and must adhere to ongoing continuous professional development (CPD). They have in-depth knowledge of UK tax law, including property income, capital gains, and inheritance tax planning for landlords. Choosing an ICAEW-accredited accountant from the directory gives you confidence in their ability to handle complex portfolios and HMRC enquiries.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.