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Mystery shopper tax

  • 25-04-2019 3:07pm
    #1
    revoke12
    Registered Users, Registered Users 2 Posts: 391 ✭✭


    Hi all,

    got a mystery shopper to do tommorow will be getting €18 paid to myself through paypal dont think you get manyu through the year just wondering how do i declare this to tax will i be taxed alot etc or what do i do to go about it?

    thanks


Comments

  • #2
    dennyk
    Registered Users, Registered Users 2 Posts: 1,783 ✭✭✭dennyk


    You aren't considered a chargeable person requiring a self-assessment (Form 11) unless you have over €5000 in net non-PAYE income in the year (or over €30,000 gross non-PAYE income, before allowable deductions). For non-PAYE income under that amount, you can report it using Revenue's Form 12, or fill out your eForm 12 in the myAccount section of Revenue's web site.

    You'll pay tax on that income at your marginal rate (20% or 40%, depending on how much total PAYE and non-PAYE income you have) and I believe also USC at your marginal rate, but not PRSI (provided you're under that €5k threshold). As long as you file before August of the following year, Revenue will calculate the tax owed for you. If the owed amount is small enough (which it generally will be if you're under the threshold), Revenue won't ask you to pay it outright, they'll just automatically deduct it from your tax credits in the following tax year.


  • #3
    revoke12
    Registered Users, Registered Users 2 Posts: 391 ✭✭revoke12


    dennyk wrote: »
    You aren't considered a chargeable person requiring a self-assessment (Form 11) unless you have over €5000 in net non-PAYE income in the year (or over €30,000 gross non-PAYE income, before allowable deductions). For non-PAYE income under that amount, you can report it using Revenue's Form 12, or fill out your eForm 12 in the myAccount section of Revenue's web site.



    You'll pay tax on that income at your marginal rate (20% or 40%, depending on how much total PAYE and non-PAYE income you have) and I believe also USC at your marginal rate, but not PRSI (provided you're under that €5k threshold). As long as you file before August of the following year, Revenue will calculate the tax owed for you. If the owed amount is small enough (which it generally will be if you're under the threshold), Revenue won't ask you to pay it outright, they'll just automatically deduct it from your tax credits in the following tax year.

    Thanks for that the whole tax thing I’m not very up on I have a full time job just doing this for a small bit extra cash don’t think it will be much maybe 200 a year if even?


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