Accountant and client shaking hands


Uncover missed tax saving opportunities and manage the risks in your business with the help of Lyel Accountants.
Man in store


If you run a VAT-registered business, whether as a sole trader or a limited company, you must submit VAT returns and payments to the HMRC every three months.

If your business earns more than £85,000 as turnover during a 12-month period, the HMRC requires you to register for VAT. Depending on the nature of your business, there may be different VAT schemes that you are eligible for. You’ll need to follow strict deadlines and a considerable amount of paperwork, which can be daunting. Luckily, the VAT accountants at Lyel Accountants can do it all for you. Get in touch
Woman on laptop


VAT legislations are quite complex, and the HMRC may wish to inspect your books from time to time. At Lyel Accountants, we help you pass any inspections with flying colours and ensure your VAT submissions are always timely and error-free so that you can focus on running your business. Our VAT services include the following:

  • Helping you register with HMRC
  • Advising you on how to maintain complete sales and purchase records
  • Providing guidance on different VAT rates that apply to your products
  • Helping you de-register for VAT or apply for an exception to registering for VAT
  • Advising on whether it would be beneficial for you to register if you’re under the VAT threshold voluntarily
  • Calculating your VAT return and providing timely notification of your liability or informing you if a refund is due
  • Advising on the best VAT scheme to use for your business (cash accounting, annual accounting, margin scheme or retail scheme)
VAT is a complex area of UK taxation with many potential pitfalls. Our VAT returns service is designed to help you avoid costly mistakes and recover all the VAT you’re rightfully entitled to. Contact us

    Contact Us Today

    For more details on how we handle your data, please view our Privacy Policy