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Registering for Self-Assessment for the first time

  • 29-06-2017 3:11pm
    #1
    Ficheall
    Registered Users, Registered Users 2 Posts: 9,034 ✭✭✭


    I've been very slow to get around to this, but I've been working as a contractor online for an American company since last May (2016), resident in Ireland, and I'm trying to register for tax.

    I believe I want to register for self-assessment (though please feel free to correct me on anything I'm wrong on). I therefore want to register a myAccount on the Revenue site, but this requires two of a driving licence number (which I have), info from P60 (which I do not have), or Information from your Income Tax notice of assessment or acknowledgement of self assessment - what is this, and how do I obtain it?

    If/when I do manage to register, where should I look to find how much tax I owe? Presumably there will be some penalty for not having gotten my **** together sooner. The amounts are not huge - about a grand a month.

    I need to pay PRSI, and do I register for this revenue online service? https://www.ros.ie/oidc/login/noCertsFound?lang=en&client_id=rosint_rp ? Should I do this after completing myAccount registration, or does it matter?

    My only other income this year has been from a small bit of lecturing, which would have gone through PAYE, and netted me about 800e.

    Any and all advice much appreciated.


Comments

  • #2
    Ficheall
    Registered Users, Registered Users 2 Posts: 9,034 ✭✭✭Ficheall


    Eesh, I've just spotted this http://www.revenue.ie/en/self-assessment-and-self-employment/making-a-disclosure/disclosure-of-foreign-income-and-assets.aspx
    "After 1 May 2017 you will no longer be able to make a qualifying disclosure if you owe tax for offshore matters."
    How much bother am I likely to be in?


  • #3
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    Relax - you're not in any bother.

    Your first year of self assessment is 2016 - and returns for 2016 aren't due to be filed until 31 October 2017.

    So at this stage nothing is late.

    If you're having problems registering, just call Revenue - they tend to be helpful.

    If you really find this stuff stressful you can always use a tax professional to help you with the first year or so, and get you up and running. That's unlikely to cost much, and he or she will also help you with planning future tax payments and making sure you have enough when it's time to pay.


  • #4
    Ficheall
    Registered Users, Registered Users 2 Posts: 9,034 ✭✭✭Ficheall


    You're a star, thanks :)

    While doing some further reading I've remembered I have a few hundred in a bank account in the UK since 2013 but I paid tax on that income, so I probably owe a tiny bit from the minimal interest on that. I was also signed up to a pension over there, which I think is worth a sweet fifty pounds a year when I retire, so I should probably cash that in before it causes hassle...

    And I did try ringing, but had no luck getting through. Thanks, you've taken a load off my mind :)


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