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Money
VAT threshold
Watch your sales over a rolling 12 months against the registration threshold you are tracking, with a warning as you get close, a figure per quarter, and a tick to leave a sale out. A running total to look at, never a VAT return.
In short
This page is a running total to help you watch a number. It is not a VAT return, it does not work out any VAT you owe, and it knows nothing about margin schemes, the flat rate scheme or second-hand goods. Check anything you act on with an accountant.
What the full guide covers
- Turn it on
- What the figure actually is
- Set your threshold
- The bands
- The part that catches people out
- Leave a sale out of the threshold
2 more sections in the full guide
The full guide is for members
Every step and every button, written out. It opens with your account, along with the app itself, free while we are in beta.