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Income Tax Registration Revenue

  • 04-08-2017 1:54pm
    #1
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,242 Mod ✭✭✭✭


    Just a quick question before I register for Income Tax via Revenue. If I expect to make €0 within the 1st 12 months, am I still liable to pay anything in terms of contributions? I'm starting up and in tent on registering for Income Tax soon.

    My work as a Sole Trader will be part time and initially I expect to make less than €5000. My question however, is hypothetical and on the basis that I may earn €0.


Comments

  • #2
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    L.Jenkins wrote: »
    Just a quick question before I register for Income Tax via Revenue. If I expect to make €0 within the 1st 12 months, am I still liable to pay anything in terms of contributions? I'm starting up and in tent on registering for Income Tax soon.

    My work as a Sole Trader will be part time and initially I expect to make less than €5000. My question however, is hypothetical and on the basis that I may earn €0.

    You can't be taxed on nil


  • #3
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,242 Mod ✭✭✭✭L.Jenkins


    Thanks Gerry. Another quick question. Must I file a TR1 or will registering online with Revenue work in the same way?


  • #4
    travist
    Registered Users, Registered Users 2 Posts: 255 ✭✭travist


    not to hijack, but on a similar query, if I am self employed in 2017, I understand I do not need to register or pay anything this year. I just need to pay any tax for 2017 by the Oct 31st deadline in 2018? Or do I need to register as self -employed now and pay some preliminary tax before 2018?


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