Hi everyIone! Could you please explain this question for me.

emiliyayasenova

how 12 month period ending has been 31 july?

Pian32

When looking at the VAT threshold you don't look at the accounting year end. You look at a rolling 12 months to see if it has passed the threshold.

Apr 16 - Mar 17
£77,000
May 16 - Apr 17
£78,000
June 16 - May 17
£78,000
July 16 - June 17
£79,000
Aug 16 - July 17
£88,000 <- Passes the VAT threshold

Hope this helps