Understanding your vat return | The essential guide for businesses

[@Nonameee983]

i really like your content. im using xero as a beginner and your videos helped me alot to understand xero. Thank you very much.

[@accountantshe]

Thank you! 🤍

[@Nonameee983]

such a good valuable video and just 4 comments ? let me fix that.

[@ThisIsGameOver]

This may be a daft question, but if the VAT threshold is different from year to year, do you always go by the current year that you meet the threshold? For example, if the rolling year started for you in May 2023 and finished the rolling year in May 2024, do you go by the 2024 threshold even though you may have only been trading for one month of that financial year? I hope that makes sense 🤔