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What taxes must I pay?

  • 18-01-2013 4:59pm
    #1
    ActiveIreland
    Registered Users, Registered Users 2 Posts: 7 ✭


    Hey,

    Today in the post I finally received my Business Name, now I'm on to the next step, finding out what taxes I have to pay. I'm only 13 and therefore have been led to believe that I must not pay a few taxes. So I'm just wondering if anyone knows what taxes I must pay? Here is some information, if you need any other info, just ask!

    - I'm a sole trader.
    - I'm 13.
    - I will be selling a service.
    - Any of my services will most likely be web-based.
    - I'm in second year.

    Thanks for any and all replies!
    ~Seán


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    See stickies at the top, they have links to www.revenue.ie. Read the stuff about sole traders and self-assessment.

    Your age does not really come into it, the amount that you earn does. Ring the tax office and ask if you like.


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


    Hi

    I suspect that your income is quite small so on that basis it would be covered by your basic personal tax credit.

    Similarly it would be not subject to USC provided your total income is less then the USC exemption limit which is about €10036.

    If you earn less then €5000 you are exempt PRSI

    If you want to put "belt and braces" on it you could download a Form 12 from revenue.ie and submit it to revenue.

    Have fun.

    Dbran


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