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What is Child Benefit Charge?
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Yes, all income must be declared on Self Assessment.
Since the tax system works on the basis of thresholds of income, all income needs to be declared for the correct tax calculation to be made.
Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers.