Vat Returns

Accountants in Driffield, East Yorkshire

From the date you register, you must:

charge customers the correct amount of VAT
record VAT you pay to suppliers
submit VAT returns
pay any VAT due to HMRC
keep VAT records and a VAT account

At K Lawson Accountants, we're here to make VAT accounting a breeze! We help businesses navigate their VAT returns, making sure all the details about VAT collected from customers and paid to suppliers are spot on. Plus, we’ll help you pick out the right accounting software that fits the bill for HMRC's Making Tax Digital rules, so you can keep things simple and hassle-free when it comes to managing your taxes!

Who needs to register for VAT?

If you're running a business or are a sole trader with an annual turnover of £85,000 or more, you'll need to register for VAT with HMRC. You can either handle the registration yourself online or let your accountant take care of it for you. VAT returns are typically due every quarter, but you can also choose to register for monthly or annual submissions, and remember to keep your VAT records for at least six years.

Making tax Digital

Since April 1st, 2019, most VAT-registered businesses over that threshold must comply with Making Tax Digital (MTD), meaning you’ll need compatible software. At K Lawson Acounting, we can guide you through selecting the best system to fit your business needs!

OUR APPROACH

At K Lawson Accounting, we are committed to providing our clients with the highest quality accounting services. We have been serving individuals and businesses in Driffield, East Yorkshire for over a decade, and we are dedicated to providing personalised support to help you achieve financial success.
Whether you need assistance with financial accounting, bookkeeping, tax preparation, or business consulting, we have the expertise and experience to help. Contact us today to learn more about how we can support your financial goals.

WHAT OUR CLIENTS SAY

I was impressed with the level of expertise and professionalism at K Lawson Accounting. They provided me with the support I needed to get my finances in order and achieve my financial goals.

Sandy Williams

K Lawson Accounting has been an invaluable resource for my small business. Their team is knowledgeable, responsive, and committed to helping me succeed.

Quinn Davis

I highly recommend K Lawson Accounting to anyone in need of accounting services. Their team is trustworthy, reliable, and always willing to go above and beyond for their clients.

Riley Jones