Net turnover
What is net turnover?
Net turnover is the total turnover of a company in a financial year. The net turnover is excl. VAT, tax and charges.
The difference between net turnover and turnover is that net turnover is excl. VAT, tax and charges, which are otherwise included in the turnover.
The net turnover must also be included in the company's annual accounts, where it must be placed at the top of the income statement.
Join Startup Central