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PAYE & Freelancing

  • 08-07-2019 08:00PM
    #1
    Registered Users, Registered Users 2 Posts: 87 ✭✭


    Hi,

    I''m currently working as PAYE, but would also like to do some work on the side out of my usual hours.

    I looked on revenue but they're not very clear as what I need to do in terms of tax. Do I need to set-up as a sole-trader or just keep track of the extra income and declare it at the financial year along with my P60 from my full-time job?

    Thanks
    Tagged:


Comments

  • Registered Users, Registered Users 2 Posts: 2,272 ✭✭✭mrslancaster


    How will you be paid for your freelance work?
    If you do a few hours casual or regular part-time for a different company they will pay you through their payroll. Some full time employment contracts have a clause about "other work".
    If you bill your client/customer then register as a sole trader and make an annual tax return. register for vat if turnover in a 12month period for services is 37500 & 75k for goods.


  • Registered Users, Registered Users 2 Posts: 87 ✭✭TwistedPixel88


    How will you be paid for your freelance work?
    If you do a few hours casual or regular part-time for a different company they will pay you through their payroll. Some full time employment contracts have a clause about "other work".
    If you bill your client/customer then register as a sole trader and make an annual tax return. register for vat if turnover in a 12month period for services is 37500 & 75k for goods.

    Thanks for the reply

    I will mainly be paid through PayPal and it would just be work here and there probably less than 5k a year. Would I still need to register?

    Also I cleared it with work so all fine on that end.


  • Registered Users, Registered Users 2 Posts: 4,162 ✭✭✭relax carry on


    Thanks for the reply

    I will mainly be paid through PayPal and it would just be work here and there probably less than 5k a year. Would I still need to register?

    Also I cleared it with work so all fine on that end.

    Form 12 tax returns each year.

    https://www.revenue.ie/en/additional-incomes/is-your-extra-income-taxable/index.aspx


  • Registered Users, Registered Users 2 Posts: 16,381 ✭✭✭✭Seve OB


    No need to register, just fill the form 12 in each year


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