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"May" have to pay tax on tiny income while on BWES -what are the criteria?

  • 08-11-2012 11:04pm
    #1
    Penny77
    Registered Users, Registered Users 2 Posts: 50 ✭✭


    Hi
    I am looking for advice on the statement below, I was under the impression that I did not have to pay tax on the few quid I earned while on the BWES but on the Citizens information site it says I may have to.

    "You do not have to pay tax or PRSI on the Back to Work Enterprise Allowance but you may have to pay tax and PRSI on any income you get from self-employment"

    I am registered as self-employed (and registered online with ROS)and did recieve a pay and file payment remeinder.

    Can anybody tell me if I have to pay tax and if so do I get any tax-breaks/exemption for being on the BWES?

    My earning were so low if I do have to pay tax I would have been better off not working!

    Penny


Comments

  • #2
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,690 Mod ✭✭✭✭Stheno


    Ask the revenue?

    They tend to be fairly helpful?


  • #3
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    Whilst the BTWEA is not taxable, any profits are, if you are only bringing in a small income, it is unlikely you will have a tax liability, but you still have to make a return. Are you keeping accounts? You should do a start your own business course which will cover self assessment.


  • #4
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    Moved from state benefits.


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