gross profit

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Related to Gross Profits: net sales, net profits, operating profits
See: proceeds
References in periodicals archive ?
The levy for on-course betting is charged at six per cent of gross profits, with a system of lesser charges for a business showing a gross profit of less than pounds 75,000.
They have taken a base level of ten per cent, which will apply to bookmakers whose cash business on horseracing produces a gross profit of over pounds 150,000, as well as businesses exclusively operating phone and internet betting, and, for the first time, betting exchanges.
Tom Kelly, director-general of BOLA, said: "It makes sense to adopt a gross profits levy; the relationship between turnover and levy charges will alter once the Treasury goes over to a duty system based on gross profits in October.