Originally posted by 94bb
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Nothing churlish, just trying to work out how you think CT & VAT work.
You stated in an earlier post that the investment was around 10% of your revenue.
If you invested £50k and lost £20k, then you came out with £30k, which would mean you're claiming an annual turnover of £500k. If you mean you invested £20k and lost every penny of it, then you're saying your annual turnover is £200k.
But if your company profits last year were £30k and this year they are £10k, it doesn't mean that you get a CT rebate (£20k loss being greater than £10k profit) because you gambled the money and lost.
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