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Income Tax for self employment

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  • 04-11-2013 10:15pm
    #1
    thetoffeeman
    Registered Users Posts: 37 ✭


    I am hoping someone who is up on income tax and self employment can help me with this.
    I have been unemployed for 2 and a half years now and have just got a job as a mystery shopper. But i quote from the agencies website...... "AS A MYSTERY SHOPPER, YOU ARE DEEMED TO WORK WITH US ON A SELF EMPLOYED BASIS AND, AS SUCH, RESPONSIBLE FOR ALL MATTERS RELATING TO YOUR INCOME TAX AND INSURANCE AFFAIRS." (end)
    Can somebody tell me, in laymans terms exactly what I need to do to manage this? Is it just a matter of contacting my nearest tax office?
    Tagged:


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    #2
    premier10
    Registered Users Posts: 320 ✭✭premier10


    In other words you are not an employee of the company you will be self employed. You need to fill out a TR1 for self employed income tax. No tax will be deducted from your pay.
    However you will need to file a form 11 each year under self assessment.
    You should have a look at revenue.ie and self employed to bring yourself up to speed.
    Keep all your receipts & payments of expenses incurred.


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    #3
    thetoffeeman
    Registered Users Posts: 37 ✭thetoffeeman


    premier10 wrote: »
    In other words you are not an employee of the company you will be self employed. You need to fill out a TR1 for self employed income tax. No tax will be deducted from your pay.
    However you will need to file a form 11 each year under self assessment.
    You should have a look at revenue.ie and self employed to bring yourself up to speed.
    Keep all your receipts & payments of expenses incurred.
    Top man. Ta


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    #4
    Eoin
    Registered Users Posts: 21,256 ✭✭✭✭Eoin


    For future reference, the Entrepreneurial & Business Management forum is handy for these queries - if you've any more questions, I can move this thread there.


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