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Listing depreciation on annual accounts for a Not For Profit

  • 28-07-2015 12:16pm
    #1
    Closed Accounts Posts: 10


    Hi All,
    I’m involved with a not for profit body. In the annual Revenue returns we’re listed as such and our not-for-profit related turnover is tax exempt, it’s a very modest sum to begin with and the Revenue side isn’t an issue.

    What I’d like to know is, as we’re effectively tax exempt and Revenue only want our turnover listed on the returns would it still be the norm to list depreciation on our P&L’s.

    Any suggestions? My next stop will be the accountant but your thoughts would be useful to know beforehand.

    Thanks for your time.


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