VMK Accountants Limited: Business Advisors & Tax Consultant
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    Serving clients across Westminster & Mayfair

    Accountants & Tax Advisers in Westminster and Mayfair

    VMK Accountants works with directors, property landlords, consultants, luxury service businesses, hospitality operators, boutique retailers and high-income individuals across Westminster and Mayfair, from Victoria, St James's and Belgravia to Marylebone, Piccadilly, Bond Street and Park Lane. Discreet, fixed-fee accountancy and tax support across W1 and SW1.

    Led by Vipul Katkoria FCCA, MAAT High-income Self Assessment support Landlord and property tax experience Xero, QuickBooks and FreeAgent supported Discreet, personal service

    Quick answers about VMK Accountants in Westminster and Mayfair

    Who are we? VMK Accountants Limited, a registered UK accountancy firm led by Vipul Katkoria FCCA, MAAT, BSc (Hons).

    Where do we work? Across W1 and SW1, Mayfair, Belgravia, Marylebone, St James's, Victoria, Piccadilly, Knightsbridge, Fitzrovia and Soho.

    Who do we help? Company directors, property landlords and investors, family investment companies, hospitality and luxury retail operators, private clinics, art and antiques dealers, and high-income individuals.

    What do we specialise in? High-income self assessment, landlord tax (SA105, Section 24, 60-day CGT), SPV and holding company structuring, and discreet handling of complex personal tax affairs.

    How much? We review the income sources, property records, entities and advisory work required, then provide a fixed written quotation before starting.

    Supporting Westminster and Mayfair businesses

    Business in W1 and SW1 covers everything from small consultancies and family investment companies through to high-end hospitality, luxury retail, art dealers, private clinics and property holding structures. We handle year-end accounts, corporation tax returns, VAT under Making Tax Digital, payroll and director self assessment, with a particular focus on the property and high-income clients that are common in this part of London. Many of our Mayfair clients also work with private banks, family offices and wealth managers, and we're comfortable coordinating with those advisers directly.

    Landlords, property investors and high-income individuals

    A large share of our Mayfair and Westminster work involves landlords and property investors, SA105 property pages, Section 24 finance-cost relief, 60-day Capital Gains Tax reporting on UK residential property disposals, SPV structures for portfolio landlords, and incorporation modelling where a growing portfolio may benefit from a corporate wrapper. For high-income individuals we handle Self Assessment with employment, dividend, rental and foreign income, plus pension annual allowance and tapered annual allowance reviews as tax planning support.

    Foreign income rules changed from 6 April 2025

    The former remittance-basis regime was replaced by the residence-based foreign income and gains regime from 6 April 2025. Eligibility can depend on residence history and the first four years of UK tax residence, while income or gains from earlier years and later remittances may require separate analysis. We review residence, source documents and historic remittances before preparing the relevant Self Assessment pages, and coordinate with specialist international advisers where the facts cross jurisdictions.

    Records for a joined-up property and personal tax review

    A useful annual file includes P60 and P11D documents, dividend and investment statements, pension inputs, property completion statements, mortgage interest certificates, agent statements, improvement invoices and foreign income records. For property companies or SPVs, we also need company bank data, loan agreements, rental ledgers and details of connected-party balances. Bringing these records together helps align the company, property, Capital Gains Tax and personal filings.

    Why Westminster and Mayfair clients choose VMK

    You get a discreet, personal accounting service, fixed fees, direct access to a qualified chartered adviser, and a modern cloud-based setup. We're happy to speak to your solicitor, wealth manager, private banker or letting agent on your behalf, and we keep every deadline tracked so nothing slips. Client relationships are long-standing and referral-led rather than volume-driven.

    Seven specialist MTD guides

    Making Tax Digital accountant in Westminster and Mayfair

    VMK supports landlords, sole traders and VAT-registered businesses in Westminster and Mayfairwith Making Tax Digital. We check whether and when MTD applies, set up compatible software, organise digital records and support quarterly updates and the final tax return. Landlords receive property-specific help for rental income, joint ownership, portfolios and foreign property.

    Current MTD for Income Tax rules

    MTD for Income Tax applies in phases to eligible sole traders and landlords with qualifying gross self-employment and property income over £50,000 from 6 April 2026, over £30,000 from 6 April 2027, and over £20,000 from 6 April 2028. We check the relevant tax return, combined qualifying income and any exemption before recommending software or registration.

    Check GOV.UK guidance

    Confidential HMRC disclosure support

    Undeclared rental and India income help for Westminster and Mayfair

    VMK supports Westminster and Mayfair clients who have discovered missing income or received an HMRC letter. We establish the relevant years, income sources, ownership and filing history before calculating a defensible UK tax position and selecting the appropriate response or disclosure route.

    Landlord disclosure

    HMRC letter about undeclared rental income

    Help for landlords with two, five, ten or more potentially undeclared years, whether the property is in the UK or overseas. The correct route depends on the complete HMRC letter, whether returns were filed, when letting began and why the income was omitted.

    • Review the letter, response date, ownership and tax-return history.
    • Reconstruct rent and allowable costs from bank, agent, mortgage and property records.
    • Prepare the appropriate returns, amendments or Let Property Campaign disclosure.

    India and overseas disclosure

    HMRC letter about income or assets in India

    UK-side support where Indian income was omitted, including fixed-deposit interest, NRO, NRE or FCNR accounts, Indian property rent, dividends, investments, pensions and capital gains. Holding an account is not itself the tax calculation; residence, source, remittance rules and each tax year must be reviewed.

    • Review HMRC correspondence and UK residence for each affected year.
    • Reconcile Indian bank statements, FD certificates, TDS, Form 26AS or AIS and property records.
    • Calculate sterling figures, consider treaty relief and prepare the correct UK return or Worldwide Disclosure Facility submission.
    Before responding: keep the complete HMRC letter and envelope, avoid guessing figures, and gather the records you already have. VMK advises on the UK tax and disclosure position; Indian tax returns or legal work may require an appropriately qualified adviser in India.

    What's included

    Business services

    • Limited company accounts
    • Corporation tax returns (CT600)
    • VAT returns under Making Tax Digital
    • Payroll and PAYE
    • Bookkeeping in Xero
    • Company formation and structuring

    Property & personal tax

    • Landlord tax and SA105
    • Section 24 mortgage interest planning
    • 60-day CGT on residential disposals
    • SPV and holding company setup
    • High-income self assessment
    • Foreign income and gains reporting
    • Pension annual allowance reviews

    Who we help

    • Company directors
    • Property landlords and investors
    • Consultants and advisers
    • Hospitality and boutique retail
    • Luxury service businesses
    • High-income individuals

    Established and accountable

    Advice from a registered London accountancy firm

    VMK Accountants Limited has served clients since 2001. The firm is based in Kenton, Harrow and is led by Vipul Katkoria FCCA, MAAT, BSc (Hons), giving clients a named, qualified point of contact for their accounts and tax work.

    Registered company
    VMK Accountants Limited
    Company no. 04288796
    Established
    17 September 2001
    Kenton, Harrow office

    How it works

    1. 1

      Position review

      We map the individuals, properties, companies and income sources involved.

    2. 2

      Evidence check

      We identify the UK and overseas records needed for complete reporting.

    3. 3

      Written scope

      You receive clear responsibilities, deadlines and a fixed quotation.

    4. 4

      Coordinated delivery

      We prepare the filings and liaise with authorised advisers where required.

    Frequently asked questions

    Do you support clients in Westminster and Mayfair?+

    Yes. We support W1 and SW1 clients across Mayfair, Belgravia, Marylebone, St James's, Victoria, Piccadilly and nearby areas through secure remote onboarding and direct accountant access.

    Do I need a local accountant in Mayfair or Westminster?+

    No. Most W1 and SW1 work can be completed through our secure portal, cloud accounting and video meetings. In-person appointments are available at our Kenton office when needed.

    How much do Mayfair accountants cost?+

    The fee depends on the number of income sources, properties, companies and advisory requirements. We review the scope first and provide a fixed written quotation before any work begins.

    Can you help with a property portfolio held through an SPV?+

    Yes. We handle SPV accounts, CT600, ATED where applicable, director self assessment, and modelling of new-property acquisitions against the existing structure. Portfolios up to 40+ properties supported.

    Can you help with 60-day CGT on a residential property sale?+

    Yes. We prepare and file the 60-day CGT return with HMRC, calculate the gain (including private residence relief and letting relief where applicable), and coordinate with your conveyancer to ensure the tax is reported on time.

    Can you handle foreign income and gains under the rules from April 2025?+

    Yes. We review residence history, foreign income and gains, and historic remittances before preparing the relevant Self Assessment pages. The former remittance basis was replaced from 6 April 2025, so the correct treatment depends on the tax year and the individual's circumstances.

    Can you review my pension annual allowance?+

    Yes. We calculate your tapered annual allowance for high earners, use of carried-forward relief from the previous three tax years, and available headroom before you make additional contributions, as tax planning support.

    Can you liaise with my wealth manager or private bank?+

    Yes. We routinely work alongside private banks, family offices, wealth managers, solicitors and letting agents, and are happy to share information under your authority so everyone works from the same numbers.

    Do you handle inheritance tax planning?+

    We can review your position and coordinate with a specialist IHT / private-client solicitor where a formal estate plan is needed. For gifts, trusts and lifetime transfers we provide the accounting and reporting side.

    Do you provide Making Tax Digital support in Westminster and Mayfair?+

    Yes. VMK helps Westminster and Mayfair landlords and sole traders check when MTD for Income Tax applies, choose compatible software, keep digital records, send quarterly updates and complete the year-end tax return.

    Can you help Westminster and Mayfair landlords with MTD for property income?+

    Yes. We help organise digital rental-income and expense records, including jointly owned and foreign property, and check the qualifying-income threshold and start date before registration.

    Can you help if HMRC writes about undeclared rental income in Westminster and Mayfair?+

    Yes. We review the complete HMRC letter and deadline, establish the affected properties, owners and tax years, reconstruct the rental figures and prepare the appropriate return, amendment or disclosure.

    Can you help Westminster and Mayfair residents disclose fixed-deposit interest or other income from India?+

    Yes. VMK handles the UK-side review of Indian fixed deposits, bank interest, property rent, investments, pensions and gains. We check residence and filing history before deciding whether returns, amendments or the Worldwide Disclosure Facility are appropriate.

    VMK Accountants Ltd

    17 Hunters Grove, Kenton, Harrow HA3 9AB

    Speak to a Mayfair accountant today

    Whether you need high-income self assessment, landlord and property tax, or SPV structuring, we can help. Book a free, no-obligation 30-minute consultation.

    We Work With Industry-Leading Software

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