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Tax Return- sole trader

hannahmum · 2009-09-24 09:44:27

Hi. I was made redundant in March. Since then have been registered as a sole trader, working for myself. All VAT etc paid up to date. When do I have to pay tax (I assume PAYE & PRSI) on my earnings? Is it at end Dec? Thanks in advance

24-09-2009 9:44am

#1

hannahmum

Registered Users, Registered Users 2 Posts: 36 ✭

Join Date: September 2008

Posts: 20

Hi.

I was made redundant in March. Since then have been registered as a sole trader, working for myself. All VAT etc paid up to date.

When do I have to pay tax (I assume PAYE & PRSI) on my earnings? Is it at end Dec?

Thanks in advance

0

Comments

#2 24-09-2009 11:10am

jnh

Registered Users, Registered Users 2 Posts: 31 ✭

Join Date: January 2009

Posts: 31

if you registered as self employed in march 09 you will be due to sbmit a tax tax return for the 2009 tax year. it would normally be due in october following the tax year ie. 31 October 2010. at this point you pay your tax and prsi. however, as its your first year trading revenue give you a years grace, so you 2009 tax return and payment wont actually be due until Oct 2011. bear in mind at this point you will have to pay 2008 and 2009s tax and also a payment on account for 2010. so your best to be well prepared for it.

0