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Paying tax for playing music

  • 07-05-2014 2:30pm
    #1
    simpson80
    Registered Users, Registered Users 2 Posts: 42 ✭


    Hi all.
    I currently have a full time job in retail. I play some music every now and then it's fairly sporadic and just wondering should I set it up to pay tax on what I earn. Have done 35-40 gigs this year and approx €6000. What would be the best way to go about this as I obviously don't want to get caught as people and bands are being checked a lot lately.
    Thanks in advance for any replies


Comments

  • #2
    endacl
    Registered Users, Registered Users 2 Posts: 22,409 ✭✭✭✭endacl


    simpson80 wrote: »
    Hi all.
    I currently have a full time job in retail. I play some music every now and then it's fairly sporadic and just wondering should I set it up to pay tax on what I earn. Have done 35-40 gigs this year and approx €6000. What would be the best way to go about this as I obviously don't want to get caught as people and bands are being checked a lot lately.
    Thanks in advance for any replies

    Register with IMRO for a start.


  • #3
    2ndcoming
    Registered Users, Registered Users 2 Posts: 3,588 ✭✭✭2ndcoming


    You'd need to register for self-assessment and declare the self-employed income earned doing the gigs. Like any self-employed income you will be able to offset travel / equipment expenses against anything earned. Contact your local income tax office for more info.

    As far as I know IMRO only worry about charging you royalties for playing covers / charging other people royalties for covering your original material.


  • #4
    endacl
    Registered Users, Registered Users 2 Posts: 22,409 ✭✭✭✭endacl


    2ndcoming wrote: »
    You'd need to register for self-assessment and declare the self-employed income earned doing the gigs. Like any self-employed income you will be able to offset travel / equipment expenses against anything earned. Contact your local income tax office for more info.

    As far as I know IMRO only worry about charging you royalties for playing covers / charging other people royalties for covering your original material.

    They do a lot more than that...

    And no, they don't 'charge' you for covering materiel. That would be the PPI.


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