Finance:Non-profit distributing organisation
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A non-profit distributing organisation (NPDO) is a form of business structure where, although profit is still sought, any profit is reinvested in services or business growth rather than being distributed to shareholders.[1] NPDOs are often used for delivering public services at arm's length from United Kingdom local councils, such as Sentinel Leisure Trust.[2]
References
- ↑ "VATSC98800 - Direction of supplies: Memorandum of understanding with CIPFA - HMRC internal manual - GOV.UK" (in en). https://www.gov.uk/hmrc-internal-manuals/vat-supply-and-consideration/vatsc98800.
- ↑ "Grangemouth residents cry foul over football pitch plans" (in en). https://www.falkirkherald.co.uk/news/people/grangemouth-residents-cry-foul-over-football-pitch-plans-3315615.
See also
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