Is a non for profit members club income Tunover

Taitc
Taitc Registered Posts: 1 New contributor 🐸
in Off-topic
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 ?

Comments

  • kelsmick
    kelsmick Registered Posts: 88
    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.uk
  • CeeJaySix
    CeeJaySix Registered Posts: 630
    edited August 2015
    This is a legal question rather than an accountancy one - 'turnover' will take the meaning defined in the lease.

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