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Contract work on top of other PAYE jobs.

  • 27-03-2016 10:58PM
    #1
    Pete123456
    Registered Users, Registered Users 2 Posts: 993 ✭✭✭


    I recently started doing some work for a companies and they pay me into my account once a month. They have told me I'm responsible for my own tax affairs.

    As it stands, I have two other PAYE jobs, and am about to start a third. My tax credits are split between the two PAYE jobs at the moment. One pays every week, the other is every now and then.

    Do I have to register as self employed for the contract work? Will I PAYE top rate of all tax on this? Or is there any way around this?

    Is there any particular way I should split the credits to get maximum tax efficiency? Or am I doomed to pay most of it to revenue?


Comments

  • #2
    Pawwed Rig
    Registered Users, Registered Users 2 Posts: 22,485 ✭✭✭✭Pawwed Rig


    You should register for tax via a form TR1 as you have non PAYE income. You should complete a Form 11 return each year.
    No idea what rate you will pay tax on as I don't know your personal details.
    Split your credits whatever way you like as it will intimately make no difference other than cash flow planning.


  • #3
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    It may not be necessary to register for self assessment, if your self employment income is below €5k for the year


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