Return of the Rev
Well-known member
£100,000
Income - or turnover?
Income - or turnover?
I'm not sure what you're saying - you're not suggesting income and turnover are the same are you? You pay tax on your income, you don't pay tax on your turnover.same thing, unless you mean Income or Profit
I'm not sure what you're saying - you're not suggesting income and turnover are the same are you? You pay tax on your income, you don't pay tax on your turnover.
Yes, income and profit are simillar, but turnover is different. I was asking if the OP meant income (which is what he said, and would be a great profit), or turnover, which would be much less exciting.They are one and the same thing lol a company pays tax on its profit
Another EXCELLENT thread by 'Return of the Rev'
When I say excellent I actually mean BOLLOCKS.
Another EXCELLENT thread by 'Return of the Rev'
When I say excellent I actually mean BOLLOCKS.
Most of which if not all will go to the contractors who paid us a lump sum for the contract a while back (I think!)
Rep added to the rev from me !
I'm not sure what you're saying - you're not suggesting income and turnover are the same are you? You pay tax on your income, you don't pay tax on your turnover.
"No you don't"? - er, yes you do pay tax on income. This could also be called profit.No you don't you pay TAX on your taxable PROFIT ie Turnover less costs less allowances
Blimey, that's nearly what we made from the Cup Final in 1983! Where did you get that info from Rev? And how much of that is income for the club, do you know?£100,000
£100,000