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Additional Income

  • 24-10-2016 9:04pm
    #1
    bluebox1962
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi All,

    I'm just looking for some advice on declaring additional income for tax purposes. I have spent a long time reading up on this, and just ended up more confused.

    I currently work on a PAYE service full time. Outside of this I do some private work, through which I have so far earned less than 3000 euro since January 2016.

    I am wondering how I go about declaring this and paying tax as appropriate? I am registered with revenue.ie already, but find this whole system rather confusing.

    Do I need to fill in a form 12? or can I declare this as an addition income?

    I really appreciate any help regarding this.


Comments

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


    bluebox1962 wrote: »
    Hi All,

    I'm just looking for some advice on declaring additional income for tax purposes. I have spent a long time reading up on this, and just ended up more confused.

    I currently work on a PAYE service full time. Outside of this I do some private work, through which I have so far earned less than 3000 euro since January 2016.

    I am wondering how I go about declaring this and paying tax as appropriate? I am registered with revenue.ie already, but find this whole system rather confusing.

    Do I need to fill in a form 12? or can I declare this as an addition income?

    I really appreciate any help regarding this.

    As the tax year 2016 is still an active tax year it's an E Form 12 next year assuming 2016 is your first year and you keep taxable profit below 5000 euro.


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