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Soletraader

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  • 22-10-2014 9:41am
    #1
    Cait04
    Registered Users Posts: 21 ✭


    Hello

    I started trading as a soletrader on 1st Dec 2013 and made a loss for the month to 31st Dec 2013. When I am filling in my tax form for 2013 I was wondering what to do about preliminary tax for 2014. Do I have to pay any as I have just started? If so how do I know how much to pay as I don't have a preceding year to look back to?

    Thanks


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    #2
    Gard1
    Registered Users Posts: 90 ✭✭Gard1


    AS you have no tax liability there is no obligation to pay preliminary tax. However if you feel that you business has started to make profits and there is a few quid spare it is good practice to pay something in now to take the sting out for this time next year


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    #3
    Cait04
    Registered Users Posts: 21 ✭Cait04


    Thanks Gard1, I will do that.


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