Settings and activity
1 result found
-
40 votes
Hi everyone, thanks for raising and supporting this idea of having more visibility or an alert when turnover is reaching the VAT threshold. This is something our team have picked up and taking a deeper dive into. No promises at this point but we'll keep you updated of any news here.
Simon Armstrong
supported this idea
·
An error occurred while saving the comment
I really did think that Xero already did this, but, as is often the case, it appears I was wrong. I am not alone in this since TaxWise accountancy in the UK state the following when advising how to keep a log of your VAT Threshold Limit: -
"Use MTD-compliant accounting software
Cloud platforms such as Xero, QuickBooks or FreeAgent automatically track rolling turnover and alert you as you approach the threshold."
The full article can be found here: -
https://www.tax-wise.co.uk/blog/vat-threshold-2025-2026-small-business/