Do I declare turnover - less overheads and expenses?
Mousseto
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I am about to fill in my form 2042C for my business where I will declare my turnover for my business. My turnover for the year has been low because I am a musician and a composer and 2009 was a ‘writing’ year. On form 2042K on which I will declare my personal income (along with my wife), presumably I declare my income, i.e. turnover less overheads and expenses.