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self employed and permanent job?

  • 25-07-2011 10:35pm
    #1
    jsabina
    Registered Users, Registered Users 2 Posts: 742 ✭✭✭


    Hi
    I have a permanent full time job in Dublin.
    I will do some other small jobs.. developing websites.
    I am reading all the information about tax but I cannot understand what I should do.

    I imagine that my business will be very small.
    I can see the thresholds to register for VAT is like 37.000 eur... I think I will earn 2.000? 3.000?

    What I should do?
    What I have to give to my "customer"?
    How will I pay tax on this kind of job?

    Thanks a lot for any advice.
    I am reading online but it's not easy to understand!


Comments

  • #2
    GUIGuy
    Registered Users, Registered Users 2 Posts: 246 ✭✭GUIGuy


    If you go over about 3400(not sure exact amount) of taxable income from non PAYE employment you'll need to register as self assessed(form 11). If you stay under that threshold you don't need to register as self employed... but you still need to make a return (form 12). Essentially you'll be giving slightly over half to the Govt.

    My advice is ring them.


  • #3
    cloonton
    Registered Users, Registered Users 2 Posts: 64 ✭✭cloonton


    Check out www.revenue.ie and search for "IT 48", jsabina. It's the Revenue's guide on starting in business and gives some info on VAT etc. If your PAYE income is over €32400, you'd need to be putting half of your earnings from this nixer aside to cover your potential tax bill. If your PAYE earnings are below that level, put 25% aside to be on the safe side.


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