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Self Assessment on zero income?

  • 03-11-2016 5:52pm
    #1
    FewFew
    Registered Users, Registered Users 2 Posts: 12,746 ✭✭✭✭


    Apologies if this has been covered before, but I'm finding it tricky to find a clear answer.

    I'm registered for self-assessment but I haven't been trading for years, I was purely PAYE. I was chatting to someone at Revenue way back and I asked if I should unregister and their response was "If you think you'll do work for yourself at some point in the future, you might aswell stay registered."

    But now I'm trying to claim tax credits for the last few years and it seems impossible without completing the outstanding self assessment forms? Is there a way to just say not trading?
    To complicate the issue, I'm now self-employed but in the start-up stages of the business so again no income, but I will going forward.

    I tried filling out the form completely before and it was looking for a load of tax, yet it was a year when I had been purely PAYE and the company had paid all the appropriate taxes, so I just backed away slowly and put the laptop in the fridge (more or less :o )

    Also, I'm trying to access my PAYE Anytime (it's been a few years since I tried,) and it's all about myAccount, yet myAccount won't let me register because I'm registered with ROS... so how do I handle my PAYE end of things?
    EDIT: Mrs OBumble has answered this one - You get in to PAYE through ROS :)

    I know this is a mess spawned from my own ignorance, but I've spent most of my working life on PAYE and didn't pay more attention to tax beyond what was detailed on my payslip.


Comments

  • #2
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,295 ✭✭✭✭Mrs OBumble


    You get into your my PAYE from ROS.

    Sorry, that's the only it is can answer ....


  • #3
    FewFew
    Registered Users, Registered Users 2 Posts: 12,746 ✭✭✭✭FewFew


    Mrs OBumble wrote: »
    You get into your my PAYE from ROS.

    Sorry, that's the only it is can answer ....

    That's actually really helpful. I was trying to go through PAYE Anytime and getting sent to myAccount, which then wouldn't allow me to register. I'm looking for my cert for ROS, so haven't gotten in to it yet ( I know, I'm way behind) so that clears up that question. :)


  • #4
    Stationmaster
    Registered Users, Registered Users 2 Posts: 950 ✭✭✭Stationmaster


    If you were a PAYE worker and your company had all the tax paid then you were probably just filing out the form incorrectly - maybe not giving yourself enough of credits or somethng like that.

    Unfortunately, if you have been regiostered as self employed all along with Revenue, then you will have to return the outstanding forms online. Once you are set up with ROS it should be relatively easy as you won't have a lot of info to input.


  • #5
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    Sounds like you haven't filled in the correct amounts of Income Tax or USC paid through PAYE....OR you haven't claimed the correct tax credits....remember to tick the box to claim the PAYE credit...

    If you're registered but had no income, you have to choices.....remain registered and submit a form 11 for each year with the self-employed sections marked "nil".....OR....backdate your de-registration to when you last traded.
    As long as you're registered as self-employed you will be required to submit a form 11.
    If you're deregistering, be careful....there are special rules for the assessment of cessation periods...but these effectively don't count if your accounting period was to 31st December.


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