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Moving back to PAYE from sole trading: What next?

  • 21-07-2014 5:24pm
    #1
    burly
    Registered Users, Registered Users 2 Posts: 314 ✭✭


    Hi all,

    I am starting a new PAYE job next week, after spending the last 2 years sole trading part-time and educating myself further.

    I received a p45 in May 2012, and have been registered for income tax (not VAT) since June 2012. Have already filed returns for 2012, 2013 and preliminary tax for 2014.

    I have just filled in the form 'TRCN1 - Tax registration cancellation notification' and posted off to Revenue.

    Revenue say that I must re-register for PAYE when I start the new job, by phining their 1890 number with my the Employers registration number. The sooner I do that, the better as I will avoid emergency tax.

    My question is this: Once I have done that, is that it? Do I need to give my new Employer my P45 from the last time I left PAYE?


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    burly wrote: »
    Hi all,

    I am starting a new PAYE job next week, after spending the last 2 years sole trading part-time and educating myself further.

    I received a p45 in May 2012, and have been registered for income tax (not VAT) since June 2012. Have already filed returns for 2012, 2013 and preliminary tax for 2014.

    I have just filled in the form 'TRCN1 - Tax registration cancellation notification' and posted off to Revenue.

    Revenue say that I must re-register for PAYE when I start the new job, by phining their 1890 number with my the Employers registration number. The sooner I do that, the better as I will avoid emergency tax.

    My question is this: Once I have done that, is that it? Do I need to give my new Employer my P45 from the last time I left PAYE?

    No, a P45 is only relevant for the year it's issued. Just do as they told you and that's it. Apart from filing a Form 11 for 2014 before 31/10/2015.


  • #3
    burly
    Registered Users, Registered Users 2 Posts: 314 ✭✭burly


    will I need to ask Revenue to send me out my tax credit certificate in long form, and get them to send a short form to my new employer?


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


    burly wrote: »
    will I need to ask Revenue to send me out my tax credit certificate in long form, and get them to send a short form to my new employer?

    Its automatically done when you register your new employment with Revenue. Employers receive tax credit certs electronically now.
    You will receive a paper copy for your records or electronically to your PAYE Anytime account if you ticked the box to receive correspondence electronically.


  • #5
    kitchenkid
    Registered Users, Registered Users 2 Posts: 78 ✭✭kitchenkid


    Congrats on your new job.


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