Withholding Tax

It wasnt me

Hi all,

just asking for a bit of help.

I am currently a paye employee but offered a part time, when required gig with a semi state company. They have issued a contract and in the fine print is the withholding tax.Do i need to set up as a sole trader to claim for tax credits and expenses? Do i need an accountant or is this all managable through revenue online?.

The amount earned over the year could be between 3-5k PA. Seems the set up isnt really worth the financial reward.

Any help would be greatly appreciated.

relax carry on

The link below will assist. If your net taxable non PAYE income will be below 5000, then you just add it into your annual tax return. You'll be able to claim a credit for the tax witheld. No need to register as self employed etc.

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

It wasnt me

Thank you Relax carry on,

That seems pretty straight forward and has put me at ease.