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Re: TREASURERS UPDATE- Dec 2024

By LH9/1 21:21Thu Jan 9 21:21:27 2025In response to Re: TREASURERS UPDATE- Dec 2024

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We are yet to hit the VAT registration threshold - but not far away.

As for Corporation Tax, we will be subject to tax on surpluses made in the year - this will be reported in our accounts for the financial year which ends in June. However, we expect to spend some of the surplus before then, and some of the reported income can be deferred, so the amount of tax we will largely dependent on how the "Back to Nuneaton" progresses over the next six months.

Our monthly management accounts are produced on an EBITDA basis, so the impact of Corporation Tax is excluded.