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Self Employed, self assessment necessary ?

  • 13-11-2024 12:35AM
    #1
    Horse24
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi ,

    I registered as self employed in 2023 with the intentions of earning as a sole trader. However as it happened I did not earn/work as self employed until this year so theres no taxable income for 23. So what I'm asking is a form 11 necessary? Should I be paying preliminary tax for 24 or how is this calculated?

    Thanks



Comments

  • #2
    CWMMC
    Registered Users, Registered Users 2 Posts: 255 ✭✭CWMMC


    Even though you still had no income, you still need to file a Form 11. Preliminary tax is based off your previous income and should be 90%-100% of it.



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