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Transfer Revenue Question

Started on 26 January 2023 by pollockh
Latest Reply on 30 July 2023 by roberteastin
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I've seen this a fair few times, always thought it was a bit backwards, but never looked into it/thought about it much..



What is the reasoning behind this? It seems to me like it should be the opposite, that after I raise them 10 million dollars I'll get to keep more of the transfer funds. Why is it the opposite?
I would think that the Board/Owners want to keep some profits at the club after a certain amount
Well, let me tell you about my experience with transfer revenue in the terms of sales tax compliance in managing my online store business' taxes. I've dealt with this issue before, and it is definitely confusing at first. The transfer revenue question is all about how much money you get to keep after raising funds. And you're right, it does seem backwards! I was curious about this too, so I did some research and found out that the reasoning behind it is actually quite simple. The VAT registration number is provided to the business administration to help them track how much money is being raised and how much of that money is being kept by the fundraisers.

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