For ticket sales MFC are actually collecting VAT to pay over to HMRC on ticket sales. If you buy a season ticket for £600 then 20% or £100 will be VAT, the club keep the remaining £500.
The VAT paid over to HMRC is the amount of VAT on sales minus any VAT paid on vatable purchases on a...
Really good poster. He has corrected me a couple of times. Straightforward and robust, which I'm fine with. Great with the finances, I appreciate it's not everyone's cup of tea, however the posts are very informative.
UTB
I agree adult and children's health and social care get the most spent on them, however it makes up 49% of the expenditure where I am. Just out of interest where do you get the 85% from?