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Mix of PAYE and self-employed

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  • 23-11-2022 1:02pm
    #1
    spalpeen
    Registered Users Posts: 130 ✭✭


    Hi, if someone is self-employed as well as PAYE earner, but their self-employed income is very small, eg <10k, do they still pay the USC on that, even though it is <13k? Or is it deemed higher as the person has earned more than that in PAYE.


    Additionally, if someone is self-employed and earns <5k, does that mean they do not delcare? As its under the threshold. Or again, does it depend on whether they have also earned PAYE.



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    #2
    ari101
    Registered Users Posts: 2,835 ✭✭✭ari101


    USC is on combined income that is subject to USC (so not on social welfare, but PAYE, trading, rent, etc). So if the combined PAYE and trading income is >13k, you are liable on it all.

    With under 5k non PAYE income you need to complete a simplified tax return via myaccount by 31 Oct of the following year. This applies even if you have no other income.

    However, if you are already a Form 11 filer (registered as self employed), unless you plan to cease your registration, you will still need to complete a Form 11 even for years when income drops below 5k.

    If you have >5k non PAYE Income you are required to fill a form 11 and will also need to pay preliminary tax after your first year.



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    #3
    spalpeen
    Registered Users Posts: 130 ✭✭spalpeen


    https://www.boards.ie/discussion/comment/119913025#Comment_119913025

    thanks!



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