Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Becoming self employed

  • 18-09-2022 4:29pm
    #1
    cmoidd
    Registered Users, Registered Users 2 Posts: 49 ✭


    Hey Everyone,

    I'm doing some mystery shopping, I make between 300 et 1200e a month. I want to register as self employed, I don't know where to start, what to do? I did some digging and I found I need to be a sole trader, I don't want to have company name, I'm working with different company so I don't have a business, how can I just have a self employed status. What tax do I need to pay? Will my expenses (petrol, various things I need to buy...) be taken into account when paying the tax, do I only need to declare what I make minus the expenses ?

    Thanks to whom will reply

    I'm a bit lost.

    Thanks

    Déborah



Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭Geuze


    Read this:

    https://www.revenue.ie/en/self-assessment-and-self-employment/guide-to-self-assessment/index.aspx



  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭Geuze


    If you have a PAYE job, plus this extra income, then read this:

    https://www.revenue.ie/en/jobs-and-pensions/do-paye-tax-payers-need-to-submit-a-tax-return/index.aspx


    We may ask you to complete an Income Tax Return where your income is solely taxed under the PAYE system and you have:

    • a taxable non-PAYE income of €5,000 or less (where the gross non-PAYE income is €30,000 or less)
    • and
    • asked Revenue to collect any tax due by reducing your tax credits and rate band entitlements. (The tax due on your non-PAYE income is deducted by your employer or pension provider).

    Examples of non-PAYE income are trading income, rents, and foreign income (including pensions).



    The Form 12 is much easier, and applies to people who are PAYE taxpayers who need to declare extra income.



  • #4
    Geuze
    Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭Geuze


    Income Tax Return (Form 11)

    You must submit an Income Tax Return (Form 11) tax return if:

    • you are taxed under the self-assessment system. For example, if your annual PAYE tax credits and rate band entitlements are not reduced to take account of your non-PAYE income.
    • you are a proprietary director or the jointly assessed spouse or civil partner of such a director.
    • your taxable non-PAYE income is more than €5,000 a year or your gross non-PAYE income is more than €30,000.

    Most people submitting a Form 11 must do so through the Revenue Online Service (ROS).



Advertisement