Sole trader - P35 - Help needed!!

sheena1985

Hi,

My boyfriend has a small business, set up in 2007, which since 2008 employs 2 other people. I use a thesuarus software package to create their payslips etc, and have been returning their PRSI in monthly P30's.

I'm just filling out the P35 at the moment, hoping to get it in the post today as we're already 5 days late ! Anyway, I got a bit of a fright when I saw my boyfriends name on the 'List of Employees' section - where i fill out their individual PAYE / PRSI contributions for the year ended 2008.. I was under the impression that self employed's pay their own PRSI and health levy along with PAYE in October with the annual tax return.. Will I have to include an amount for his PRSI and PAYE liabilities for 2008 on this form?

The 2008 accounts are a bit of a mess (im full time in a masters, so don't have a huge amount of time to give to the business), was hoping to get them sorted during the summer, in time for october deadline.. So i'd have absolutely no idea how much tax is owed by my boyfriend for 2008...

Just a bit confused about the whole situation to be honest, hoping someone could shed some light on it for me!

Thanks,

Sheena

JoeTurner

Hi Sheena

If he's a sole trader (as opposed to a limited company set up) then you don't include him as an employee on the P35 listing.

You're correct in saying he files a return in October for the previous year's income.

Hope that helps

Joe

sheena1985

Hi Joe,

Thanks, that's a big relief, the thoughts of having to get all the accounts together by the end of the weekend was scaring me!

One other thing, we never got sent a P30 this month for Jan (or else someone has misplaced it), can I send them a cheque and a print out of our P30 details, or do I need the actual form? Should I include the income levy with the P30's from now on?

Thanks,

Sheena

pd2006

Hi sheena

You should register with ROS and file your returns online, that way you dont need to worry about losing paper.

Ring the revenue just to make sure you have a p30 due by mid feb as there have been changes to p30 returns, with some business having to file them quarterly instead of monthly, so intead of the return for jan been due by the 14/1/2009, it will be due by the 19/4 along with feb & march p30.

the income levy should be included with your p30 returns.

If your return is due by mid feb you can ask the revenue to resend the form or print down one from your payroll software and send it with the cheque and a note saying you never receved or misplaced the original form.

we advise everyone to use ROS as its so much handier.
Have a good week end
Regards
P

maddogcollins

Hi Sheena,

As above poster said, you should apply ro file your returns on ROS.

http://www.revenue.ie/en/online/index.html