Turnover in the construction industry - Revision history

Designing Buildings at 07:28, 14 April 2022

2022-04-14T07:28:53Z

← Older revision		Revision as of 07:28, 14 April 2022
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	Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT is a tax added to the cost of certain goods and services. It is only accountable where the party raising an invoice is VAT registered. It is necessary to register if VAT-able turnover exceeds a minimum threshold in any 12-month period.		Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT is a tax added to the cost of certain goods and services. It is only accountable where the party raising an invoice is VAT registered. It is necessary to register if VAT-able turnover exceeds a minimum threshold in any 12-month period.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Accounting.		* Accounting.
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	* Profit.		* Profit.
	* Relevant cost.		* Relevant cost.
		+	* Revenue.
	* Solvency.		* Solvency.
	* Stamp duty.		* Stamp duty.

Designing Buildings at 08:08, 16 October 2020

2020-10-16T08:08:13Z

← Older revision		Revision as of 08:08, 16 October 2020
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	* Whole life costs.		* Whole life costs.

−	[[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]

Editor at 14:27, 23 October 2018

2018-10-23T14:27:24Z

← Older revision		Revision as of 14:27, 23 October 2018
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	‘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’.		‘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’.

−	In general terms, turnover is the total amount that a business bills to its clients, less any discounts, VAT, and so on. It includes amounts such as the shipping that is required, and any expenses that are billed to the client. It is important to remember that turnover is determined when the goods and services are actually provided, rather than when they have been invoiced or when the cash has been received. As income from investments such as interest and dividend income is not derived from the provision of goods and services, these are not included in turnover.	+	In general terms, turnover is the total amount that a business bills to its clients, less any discounts, VAT, and so on. It includes amounts such as the shipping that is required, and any expenses that are billed to the client.

−	~~Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT~~ is ~~a tax added~~ to the ~~cost of certain~~ goods and services~~. It is only accountable where~~ the ~~party raising an invoice is VAT registered~~. It is ~~necessary to register if VAT-able turnover exceeds a minimum threshold~~ in ~~any 12-month period~~.	+	It is important to remember that turnover is determined when the goods and services are actually provided, rather than when they have been invoiced or when the cash has been received. As income from investments such as interest and dividend income is not derived from the provision of goods and services, these are not included in turnover.

−	~~= Find out more =~~	+	Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT is a tax added to the cost of certain goods and services. It is only accountable where the party raising an invoice is VAT registered. It is necessary to register if VAT-able turnover exceeds a minimum threshold in any 12-month period.

−	=== Related articles on Designing Buildings Wiki ===	+	= Related articles on Designing Buildings Wiki =

	* Accounting.		* Accounting.
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	* Solvency.		* Solvency.
	* Stamp duty.		* Stamp duty.
		+	* Supply.
	* Taxation.		* Taxation.
	* Whole life costs.		* Whole life costs.

	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Editor at 16:07, 6 August 2018

2018-08-06T16:07:34Z

← Older revision		Revision as of 16:07, 6 August 2018
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	* Price.		* Price.
	* Profit.		* Profit.
		+	* Relevant cost.
	* Solvency.		* Solvency.
	* Stamp duty.		* Stamp duty.

Designing Buildings: moved Turnover to Turnover in the construction industry

2018-06-16T08:48:44Z

moved Turnover to Turnover in the construction industry

← Older revision

Revision as of 08:48, 16 June 2018

Designing Buildings at 08:13, 27 May 2018

2018-05-27T08:13:02Z

← Older revision		Revision as of 08:13, 27 May 2018
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−	~~‘Turnover’ is a term used in accounting to refer to total sales made or business that a company does over a period of time.~~
−
	According to the Companies Act, turnover is:		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’.		‘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’.

−	In general terms, turnover is the total amount that a business bills to its clients, less any discounts, VAT, and so on. It includes amounts such as the shipping that is required, and any expenses that are billed to the client. It is important to remember that turnover is ~~based on~~ when the goods and services are actually provided~~, i.e. the transaction is complete~~, rather than when they have been invoiced or when the cash has been received. As income from investments such as interest and dividend income is not derived from the provision of goods and services, these are not included in turnover.	+	In general terms, turnover is the total amount that a business bills to its clients, less any discounts, VAT, and so on. It includes amounts such as the shipping that is required, and any expenses that are billed to the client. It is important to remember that turnover is determined when the goods and services are actually provided, rather than when they have been invoiced or when the cash has been received. As income from investments such as interest and dividend income is not derived from the provision of goods and services, these are not included in turnover.

	Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT is a tax added to the cost of certain goods and services. It is only accountable where the party raising an invoice is VAT registered. It is necessary to register if VAT-able turnover exceeds a minimum threshold in any 12-month period.		Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT is a tax added to the cost of certain goods and services. It is only accountable where the party raising an invoice is VAT registered. It is necessary to register if VAT-able turnover exceeds a minimum threshold in any 12-month period.

Editor at 13:45, 18 May 2018

2018-05-18T13:45:23Z

← Older revision		Revision as of 13:45, 18 May 2018
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	* Business plan.		* Business plan.
	* Business rates.		* Business rates.
		+	* Cash flow.
	* Commercial management.		* Commercial management.
	* Compound Annual Growth Rate (CAGR).		* Compound Annual Growth Rate (CAGR).

Editor: Created page with "‘Turnover’ is a term used in accounting to refer to total sales made or business that a company does over a period of time. According to the Companies Act, turnover is: ‘..."

2018-05-18T13:37:23Z

Created page with "‘Turnover’ is a term used in accounting to refer to total sales made or business that a company does over a period of time. According to the Companies Act, turnover is: ‘..."

New page

‘Turnover’ is a term used in accounting to refer to total sales made or business that a company does over a period of time.

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’.

In general terms, turnover is the total amount that a business bills to its clients, less any discounts, VAT, and so on. It includes amounts such as the shipping that is required, and any expenses that are billed to the client. It is important to remember that turnover is based on when the goods and services are actually provided, i.e. the transaction is complete, rather than when they have been invoiced or when the cash has been received. As income from investments such as interest and dividend income is not derived from the provision of goods and services, these are not included in turnover.

Turnover determines when a business has to register to pay Value Added Tax (VAT). VAT is a tax added to the cost of certain goods and services. It is only accountable where the party raising an invoice is VAT registered. It is necessary to register if VAT-able turnover exceeds a minimum threshold in any 12-month period.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Accounting.
* Business plan.
* Business rates.
* Commercial management.
* Compound Annual Growth Rate (CAGR).
* Construction VAT.
* Final account.
* Goods and services.
* Invoice.
* Key performance indicators .
* Price.
* Profit.
* Solvency.
* Stamp duty.
* Taxation.
* Whole life costs.

[[Category:Cost_/_business_planning]]