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Turnover in services (sts_os_t)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Office for National Statistics

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Monthly Business Survey Turnover in Services Industries dataset. The estimates are for turnover based on data collected by the UK Monthly Business Survey (MBS). These estimates are published in £ millions on a monthly basis, covering all the territory of Great Britain without geographical breakdown, see link for data:

 

https://www.ons.gov.uk/economy/economicoutputandproductivity/output/datasets/monthlybusinesssurveymbsturnoverofservicesindustries

11 June 2019

The definition of Turnover is:

Turnover comprises the totals invoiced by the observation unit during the reference period, and this corresponds to services supplied to third parties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice.

Turnover excludes VAT and other similar deductible taxes directly linked to turnover as well as all duties and taxes on the goods or services invoiced by the unit. Reduction in prices, rebates and discounts as well as the value of returned packing must be deducted. Price reductions, rebates and bonuses conceded later to clients, for example at the end of the year, are not taken into account. Income classified as other operating income, financial income and extraordinary income in company accounts is excluded from turnover. According to this definition, the items generally excluded are:

 

— VAT and other similar deductible taxes directly linked to turnover all duties and taxes on the goods or services invoiced by the unit

— commissions,

— leases and rentals,

— leases for own production units and machines if used by third parties,

— leases of company-owned dwellings,

— receipts for licence-fees,

— receipts from staff facilities (for example from a factory canteen),

— the supply of products and services within the observation unit,

— sales of own land and fixed assets,

— sales or leases of own properties,

— sales of shares,

— interest receipts and dividends,

— other extraordinary income.

 

The above items may be included if they generate turnover in the principle field of operation of the observation unit.

The expressions ‘turnover’ and ‘sales’ are often used as synonyms in the context of short-term statistics. If subsidies on products are hard to measure they can be omitted for the purposes of calculating indices over time. National accounting rules should be used as guiding principles of what to include and to exclude.

 The enterprise or the activities of a specified list of local units belonging to an enterprise are used as the reporting unit. Very often the latter of these is close to the KAU. The observation unit is the same as the reporting unit. namely the enterprise or list of local units.

Businesses are drawn from a total number of 1.24 million businesses Approx, within the UK (production) and Great Britain (services) industries. The Inter Departmental Business Register (IDBR), the sampling database for business surveys, cover 99% of all economic activities in the UK and constantly updated to account for any current/future demographic changes.

The geographical area covered is Great Britain without geographical breakdown.

 Monthly

The target for clearance of MBS questionnaires per month is 75% of questionnaires, making up 80% of the turnover.

Turnover value in £ GBP millions (absolute values)

The Monthly Business Survey estimates are compiled using turnover reported by businesses, for small to medium sized businesses the results are grossed up using ratio estimation, with the Inter Departmental Business Register registered turnover being used as the auxiliary variable.  Large businesses are fully enumerated in the survey.

Monthly Business Survey

Monthly

The ONS National Statistics Release Calendar is available online and provides twelve months advanced notice of releases.  In the unlikely event of a change to the pre-announced release schedule, public attention should be drawn to the change and the reasons for the change should be explained fully at the same time, as set out in the Code of Practice for Official Statistics.

These data comply with European System of Accounts 2010 and definitions are used in the production of these statistics.

Comparability over time is listed within the information page on the release, some of the industries, when introduced at a later point, were not included in previous totals.  This is clear in the information tab.