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How to invoice for a nixer.

  • 15-12-2017 07:21PM
    #1
    mickoneill31
    Registered Users, Registered Users 2 Posts: 855 ✭✭✭


    I need to charge a company for a service I provided. Its only a few hundred quid. I want to be above board. I know how to report the income to revenue. I'm unsure how to charge Vat or if I do.

    Does anybody know what I should do? Do I collect the Vat? And if I do how do I give it to revenue.

    I won't ever need to register for vat. This isn't a stable income source and I'll only ever earn a couple of grand a year.


Comments

  • #2
    mickdw
    Registered Users, Registered Users 2 Posts: 23,812 ✭✭✭✭mickdw


    mickoneill31 wrote: »
    I need to charge a company for a service I provided. Its only a few hundred quid. I want to be above board. I know how to report the income to revenue. I'm unsure how to charge Vat or if I do.

    Does anybody know what I should do? Do I collect the Vat? And if I do how do I give it to revenue.

    I won't ever need to register for vat. This isn't a stable income source and I'll only ever earn a couple of grand a year.

    You dont charge vat when not vat registered.


  • #3
    L1011
    Registered Users, Registered Users 2 Posts: 72,399 ✭✭✭✭L1011


    Include name, address, PPSN, bank details. You don't/can't charge VAT as you're not VAT registered

    Assuming you are already a PAYE employee - you will fill a Form 12 in (register for a myAccount online) with Revenue if the total annual nixer income is under 5k - this is relatively simple. This was recently increased from the Euro equivalent of £2.5k which is a decent increase in the headroom. This needs to be done before October '18 for income from '17 I think; either way you've got a bit of time.

    You only need to pay PAYE on this if I remember correctly; PRSI isn't charged unless its over 5k additional.

    If its over 5k additional you need to do a Form 11 which is comparatively complicated.

    Make sure to keep enough to cover the payment, which will be quite some time after you've earned the money!


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