Cumulative turnover for VAT purposes
Idea suggested by Chris Caspell 10 years ago
As I creep ever closer to the VAT threshold I have just put together a spreadsheet which summarises the income from the previous twelve months so I can be sure that I haven't gone over the threshold.
It seems to me that this could be a really useful tool to have on the dashboard where is summarises the income of the previous 12 months with a comparison to the VAT registration threshold.
I have one client that fell foul of the registration rules and was fined so it could save fines and penalties if implemented.