Confused by the term turnover
- Thread starter Smart SEO
- Start date
Probably about a quid from Gregs.
tahworld
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- Aug 16, 2013
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Smart SEO
Senior Member
- Apr 17, 2011
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Make sure your try the Steak bake from greggs lol having one right now!Ah good to know, now I can finally plan my trip overseas
tahworld
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- Aug 16, 2013
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Will keep this in mind
Found you this by the way:
According to the Companies Act, turnover is: "The amount derived from the provisions of goods or services within the company's ordinary activities after deduction of trade discounts, VAT and other relevant taxes"
What does that mean in plain English? Your turnover is basically:
- The total amount you bill to your customers <----- this is probably the answer you are looking for.
- LESS any discounts
- LESS any VAT
http://www.starfishaccounting.co.uk/2012/06/what-is-turnover.html
Last edited:
Will keep this in mind
Found you this by the way:
According to the Companies Act, turnover is: "The amount derived from the provisions of goods or services within the company's ordinary activities after deduction of trade discounts, VAT and other relevant taxes"
What does that mean in plain English? Your turnover is basically:
Link to article:
- The total amount you bill to your customers <----- this is probably the answer you are looking for.
- LESS any discounts
- LESS any VAT
http://www.starfishaccounting.co.uk/2012/06/what-is-turnover.html
Think it means the money you are left with once you have paid everything. I am not too good with all this shit, I just make money and let others sort out all the crap.
tahworld
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igniteimages
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- Apr 2, 2013
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Turnover is turnover, ie what you bill not your profit - two very different things - so I think most (all?) people above are wrong.
My mate is VAT registered because a large part of his turnover is expenses paid by a newspaper for things like hotels, flights etc.
My mate is VAT registered because a large part of his turnover is expenses paid by a newspaper for things like hotels, flights etc.
boomboomer
Power Member
- Feb 7, 2008
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It's 80,000.
And why is this thread in the blackhat seo section?
http://www.blackhatworld.com/blackhat-seo/f96-business-tax-advice/
And why is this thread in the blackhat seo section?
http://www.blackhatworld.com/blackhat-seo/f96-business-tax-advice/
Kn9Isler
Regular Member
- Jul 18, 2012
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VAT should be included in the price, that means if you sell an item for 500 it should 500 + VAT.
If you sell the item for 500 it means that the price includes the VAT and your profit should be lower.
VAT has nothing to do with profits, it's a "consumption tax".
Beware I'm not an expert, just brainstorming based on my experience im my country (I may be wrong!)
If you sell the item for 500 it means that the price includes the VAT and your profit should be lower.
VAT has nothing to do with profits, it's a "consumption tax".
Beware I'm not an expert, just brainstorming based on my experience im my country (I may be wrong!)
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
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Turnover = Revenue
SuperFreaky
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- May 29, 2013
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