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Starting a side business to PAYE job

  • 22-02-2017 11:41am
    #1
    One More Toy
    Registered Users, Registered Users 2 Posts: 3,881 ✭✭✭


    Hello

    Im half considering this, but i would like to know if I lose my PAYE tax credit if i start up a sole trader business?

    Many thanks


Comments

  • #2
    Tow
    Registered Users, Registered Users 2 Posts: 9,219 ✭✭✭Tow


    No, as long as you still have the PAYE job.

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



  • #3
    One More Toy
    Registered Users, Registered Users 2 Posts: 3,881 ✭✭✭One More Toy


    Tow wrote: »
    No, as long as you still have the PAYE job.

    Thanks for this, i will probably go ahead with it now!


    Just another quick one, if i buy products for resale from China for example, and the customs/an post dont apply customs charges to it, is there a way of paying the appropriate tax? As i would want everything to be above board!

    Cheers in advance!


  • #4
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    One More Toy wrote: »
    Tow wrote: »
    No, as long as you still have the PAYE job.

    Thanks for this, i will probably go ahead with it now!


    Just another quick one, if i buy products for resale from China for example, and the customs/an post dont apply customs charges to it, is there a way of paying the appropriate tax? As i would want everything to be above board!

    Cheers in advance!
    Theres always a way to pay appropriate tax.

    Note that you don't get a self employed tax credit if you get the paye tax credit.


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