Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Taxation for Online Income

  • 03-07-2016 04:11PM
    #1
    Registered Users, Registered Users 2 Posts: 3


    Hi ,

    I am thinking of setting up some websites online in my spare time with the view to make some extra income via google adsense and affiliate tools. Do I need to register for VAT ? How do I go about my taxes ?

    I am working full-time at the moment , this will just be extra income.


Comments

  • Registered Users, Registered Users 2 Posts: 14,574 ✭✭✭✭Geuze


    You declare the profits as part of your tax return.

    Use Form 12 if the profit is under 3,174.

    Otherwise, use Form 11.


  • Registered Users, Registered Users 2 Posts: 3 mart_r


    Thanks Geuze,

    So basically I don't need to register for Tax. I can start to make
    money and fill one of these forms out at the end of the year ?


  • Registered Users, Registered Users 2 Posts: 14,574 ✭✭✭✭Geuze


    Bear in mind I'm not an expert, just well-read.

    Please read the Revenue website to satisfy yourself.


  • Closed Accounts Posts: 349 ✭✭BabySlam


    you need to notify revenue when you start the business. you do not need to register for VAT until your annual income is significant. Have you read the stuff on the Revenue site?


Advertisement