Welcome to the Forum PeterGeeJA!
This formula in C8 refers to itself which creates a circular reference. Are you doing that deliberately?
There is nothing in the formula to reflect this. Not sure why you expect that to happen.
We need more context. We can't diagnose one particular little issue when we don't know what you want your formula do to. The circular reference is also confusing without more context. Can you provide the file that uses this and explain the entirety of what you want this formula to do? Here is the breakdown of you current logic:
By the way, instead of converting the year to text, you should be using a numeric value. Change all occurrences of
TEXT(TODAY(),"yyyy")
to
YEAR(TODAY())
What is in D12? That should be numeric too.
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