Is a non for profit members club income Tunover
Taitc
Registered Posts: 1 New contributor 🐸
I have a lease on a club building and the landlord wants 40% of turnover, but HMRC corporation tax computation there is no turnover as no profit is generated from members fees. Is it Turnover or not ?
0
Comments
-
If the money was just from members fees then there wouldn't be turnover. Does he perhaps what a breakdown of how many memberships were paid?
Does the landlord want 40% of your income from fees? As rent or income? Is that way you are meaning?www.essencebookkeeping.co.uk0 -
This is a legal question rather than an accountancy one - 'turnover' will take the meaning defined in the lease.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 259 NEW! Qualifications 2022
- 146 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 37 AAT Level 3 Diploma in Accounting
- 64 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 137 Bookkeeping
- 7.3K General accounting discussion
- 193 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership