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Revenue vs Turnover in the UK: Breaking Down the Basics

Maria avatar
Shared by Maria • May 03, 2024

An entrepreneur who is just learning basic business concepts may be confused about economic terms. To help you figure them out and manage your company’s budget efficiently, we’ve compared some of the most frequently confused terms — revenue and turnover — and explained the difference between them.

In this guide, you can learn formulas for calculating turnover/revenue, UK taxation peculiarities, and legal considerations, as well as typical pitfalls and best practices for money management. Learn how to assess and improve your company’s performance and business financial health with Payrow.