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Preliminary Tax/PRSI Query for first time sole trader

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  • 23-10-2012 2:21pm
    #1
    jnmcq
    Registered Users Posts: 1 ✭


    Hi, I've been self employed (sole trader) since April 2012 and want to sort out my Preliminary Tax for this October 31st. I know I can base this years on 100% of last years tax, meaning I owe zero as I wasn't trading last year.

    I've made an overall loss so far so I rang the Revenue and asked them do I still have to pay the minimum PRSI payable of €253 by Oct 31st 2012 and they said I do. So I rang the citizens advice (some number I got for queries on PRSI) as I was confused and he said that as I made a loss I'm not liable to pay the PRSI as PRSI is on profits not turnover. Can anyone tell me who is right??
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