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c 35 help

  • 05-07-2010 9:52am
    #1
    top madra
    Registered Users, Registered Users 2 Posts: 387 ✭✭


    im not sure if this is in the right section..

    im currently unemployed at the moment for the last 7/8 months,i work in construction and i know a guy that is after getting a nice bit of work and he wants to sub out a bit..

    he has offered me a bit but he wants to me to do it on a c35..

    from what i understand is this for every 1k i make i have to give £350 to the tax man,but i can claim some of the £350 back..

    he has told me all i have to do is fill out the form and send it to the tax man and its pretty simple to do..

    i always thought i needed a accountant to do it,do i?

    what way does this affect my social welfare,do i just sign off for a week or two and then just go back on when the job is finished,or will there be a problem because i was working for myself?

    any help with this is appreciated..


Comments

  • #2
    J.Ryan
    Registered Users, Registered Users 2 Posts: 474 ✭✭J.Ryan


    Basically you are correct, you will be stopped 35% tax at source and given a RCTDC (formally C45) to reflect this deduction.

    You can submitt this form to the Revenue (Always keep copies of everything your send them), yourself or get an accoutant to do it.

    You will be considered self employed and so will lose the dole and it may affect it in the future, but, you could look at getting on to a back to work scheme or setting up a business scheme (whatever it is called) so that you get a payment while starting a business.


    The Revenue may not consider you to be self employed on this, but you should ensure that you pay tax from the RCTDC's in case, you should also be prepared to file a self employed Income Tax Return when the time is due (on or before 31 October 2011).


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    As J. Ryan said above.

    As regards social welfare I believe a lot will depend on the number of days work you do per week. You are entitled to work for up to three days a week and not sign off SW. Your payments for JB will of course be reduced pro rata. If you are working more then three days a week you will need to sign off and sign on again once the work is finished.

    http://www.citizensinformation.ie/categories/social-welfare/social-welfare-payments/social-welfare-payments-and-work/jobseekers-benefit-and-work

    Hope this helps

    Dbran


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