Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Do I need to pay tax on €1200?

  • 09-02-2012 10:05pm
    #1
    Izzie11
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    I have been working an as employee for a number of years but recently have been given the opportunity to earn €1200 by doing work for someone else. Completely separate from my current job.

    Just not sure how I go about paying tax or if I need to for such a small amount.

    Any help would be greatly appreciated.


Comments

  • #2
    Burnsl2
    Closed Accounts Posts: 1 ✭Burnsl2


    To be tax compliant you should submit a Form 11 or Form 12 Tax return for the year you earn the money. This should include your total earnings for the year. it would be due 31st october year after you earned the money.


  • #3
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    Izzie11 wrote: »
    I have been working an as employee for a number of years but recently have been given the opportunity to earn €1200 by doing work for someone else. Completely separate from my current job.

    Just not sure how I go about paying tax or if I need to for such a small amount.

    Any help would be greatly appreciated.

    It's a form 12 you need to complete the year after you earn the 1200 extra. So for 2012, you need to submit a form 12 tax return in 2013. Depending on your other income and you personal circumstances (married, one parent, single etc) you may or may not have to pay tax at 20% or 41% on the earnings. Or if your earnings are very low, you mightn't have to pay any tax on it at all.

    Link below is for a form 12 for 2010 to give you an idea of what you will be required to fill out.

    http://www.revenue.ie/en/tax/it/forms/form12.pdf


Advertisement