sales is turnover including VAT&TAX or excluding?thanks in finanicial report?

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sales is turnover including VAT&TAX or excluding?thanks in finanicial report?

2006-11-15 08:52:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom

4 answers

Excluding VAT but before any profit related taxes which should appear as a seperate item further down the P & L account.

2006-11-15 09:07:13 · answer #1 · answered by Anonymous · 1⤊ 0⤋

Always excluding VAT.

2006-11-15 09:02:39 · answer #2 · answered by 'Dr Greene' 7 · 1⤊ 0⤋

VAT tax is a excellent idea

2006-11-15 11:49:12 · answer #3 · answered by Anonymous · 0⤊ 1⤋

sales would be the money you get in from selling goods/products before you deduct any costs or tax etc...
maybe this webpage may explain a few things for you about accounting http://www.smallbusinessadvice.org.uk/busplan/surunning.asp

2006-11-15 09:07:13 · answer #4 · answered by just trying to make a difference 5 · 0⤊ 1⤋