Net profit

Your net profit is calculated by taking your business expenses from the income you have earned. The figure to be entered is the net profit not previously disclosed to HM Revenue & Customs.

Further information is contained within the following guidance.

Your guide to making a voluntary disclosure

If you have income to disclose from a second business you should include the liability from this business in the 'Other liabilities' box under the appropriate year. Further information about 'Other liabilities' is available within the help associated to that box.