Taxation for Online Income

mart_r · 2016-07-03 15:11:03

Hi , I am thinking of setting up some websites online in my spare time with the view to make some extra income via google adsense and affiliate tools. Do I need to register for VAT ? How do I go about my taxes ? I am working full-time at the moment , this will just be extra income.

03-07-2016 04:11PM

#1
mart_r

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Hi ,

I am thinking of setting up some websites online in my spare time with the view to make some extra income via google adsense and affiliate tools. Do I need to register for VAT ? How do I go about my taxes ?

I am working full-time at the moment , this will just be extra income.

Tagged:

tax

online accounting

affiliate marketing

google adsense affiliate

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Comments

#2 03-07-2016 10:39PM

Geuze

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You declare the profits as part of your tax return.

Use Form 12 if the profit is under 3,174.

Otherwise, use Form 11.

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#3 03-07-2016 11:23PM

mart_r

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Thanks Geuze,

So basically I don't need to register for Tax. I can start to make
money and fill one of these forms out at the end of the year ?

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#4 04-07-2016 02:58PM

Geuze

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Bear in mind I'm not an expert, just well-read.

Please read the Revenue website to satisfy yourself.

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#5 07-07-2016 07:56AM

BabySlam

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you need to notify revenue when you start the business. you do not need to register for VAT until your annual income is significant. Have you read the stuff on the Revenue site?

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