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Second job tax

  • 19-08-2017 9:04am
    #1
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭


    I've been offered a part time second job it's basically helping out an aunt in her shop for an hour or 2 a day but she wants me to declare it for tax purposes,is there a legal loophole around this as I don't think once I pay tax it would be worth it to me.i have a main job as well and wondering would the tax bracket I'm in be affected by this


Comments

  • #2
    vandriver
    Registered Users, Registered Users 2 Posts: 3,472 ✭✭✭vandriver


    jocksie wrote: »
    I've been offered a part time second job it's basically helping out an aunt in her shop for an hour or 2 a day but she wants me to declare it for tax purposes,is there a legal loophole around this as I don't think once I pay tax it would be worth it to me.i have a main job as well and wondering would the tax bracket I'm in be affected by this
    What tax bracket are you in now,and,if you are on the lower rate,what do you earn?


  • #3
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    jocksie wrote: »
    I've been offered a part time second job it's basically helping out an aunt in her shop for an hour or 2 a day but she wants me to declare it for tax purposes,is there a legal loophole around this as I don't think once I pay tax it would be worth it to me.i have a main job as well and wondering would the tax bracket I'm in be affected by this

    All taxable income has to be declared. There is no way around this. If you are already taxed at the higher rate, you will be taxed 40% PAYE, 5 or 8% USC and 4% PRSI.


  • #4
    Del2005
    Registered Users, Registered Users 2 Posts: 19,101 ✭✭✭✭Del2005


    It'd be the same as doing overtime in your current company. If you are already on the highest bracket or close to it the government will make more than you. Which is why I never do OT.


  • #5
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭jocksie


    Earn 42k in my job doing this as a mixture of favour and pays a few bills but if I'm in d high tax band because of it doesn't seem worth it


  • #6
    vandriver
    Registered Users, Registered Users 2 Posts: 3,472 ✭✭✭vandriver


    jocksie wrote: »
    Earn 42k in my job doing this as a mixture of favour and pays a few bills but if I'm in d high tax band because of it doesn't seem worth it
    Married?Spouse working?


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  • #7
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭jocksie


    vandriver wrote: »
    Married?Spouse working?

    No not married


  • #8
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    Yes, taxed at higher rate then. And to be honest for an hour or two a week, I'd nearly do it for free rather than go through the overhead pain of setting you up and administering the tax. Can you get paid in cake?


  • #9
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭jocksie


    pwurple wrote: »
    Yes, taxed at higher rate then. And to be honest for an hour or two a week, I'd nearly do it for free rather than go through the overhead pain of setting you up and administering the tax. Can you get paid in cake?

    😂😂or buns?im looking at doing a college course would it be an option to have her pay fees and I work it off or is that taxable also


  • #10
    vandriver
    Registered Users, Registered Users 2 Posts: 3,472 ✭✭✭vandriver


    jocksie wrote: »
    😂😂or buns?im looking at doing a college course would it be an option to have her pay fees and I work it off or is that taxable also
    It's taxable when she takes it out of the company.


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