[SeanK]

So it would not be hard to justify that if you had a turnover of £25000.

If you take in £25000 in a year you will be taxed on the remaining £15000 so to bring your tax bill down to £600
your would have to claim that it cost you £12000 in expenses to make this money.
What part of this are you failing to understand.

[jimiwindows]

profit or turnover

I would call it turnover as profit is what your left with after expenses.

you only pay tax on profit.

Yes but your missing my original point, if your tax bill is £600 then your profit would only be roughly £13000.
It would be very hard to justify that if you had a turnover of £25000.

you said a profit of 13000  25000 turnover first 10000 off £2000 expensive leaves 13000

[SeanK]

profit or turnover

I would call it turnover as profit is what your left with after expenses.

you only pay tax on profit.

Yes but your missing my original point, if your tax bill is £600 then your profit would only be roughly £13000.
It would be very hard to justify that if you had a turnover of £25000.

you said a profit of 13000  25000 turnover first 10000 off £2000 expensive leaves 13000

I said if you get a tax bill of £600 then your profit would only be £13000 where are you getting the rest from.

[jimiwindows]

ok you got me good windup