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Preliminary Tax - Include PAYE income in calculations?

conorcan2 · 2013-11-11 20:24:52

I have recently started work as a PAYE worker and I have paid my taxes as a PAYE worker for 2013. Earlier in the year I was self-employed. Do I need to take account of my PAYE income when calculating preliminary tax for 2013? I am trying to avoid the following situation: Income from self-employment: 5,000 Income from PAYE:…

11-11-2013 08:24PM

#1

conorcan2

Registered Users, Registered Users 2 Posts: 171 ✭✭

Join Date: August 2010

Posts: 145

I have recently started work as a PAYE worker and I have paid my taxes as a PAYE worker for 2013. Earlier in the year I was self-employed. Do I need to take account of my PAYE income when calculating preliminary tax for 2013?

I am trying to avoid the following situation:

Income from self-employment: 5,000
Income from PAYE: 30, 000 (taxes paid)
Preliminary tax due (including PAYE as income): 8,000

As you can see, I only earned 5, 000 as a self-employed individual but owe 8,000 in preliminary tax!

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Comments

#2 12-11-2013 01:33AM

Citizenpain

Registered Users, Registered Users 2 Posts: 2,032 ✭✭✭

Join Date: November 2008

Posts: 1979

Ignore paye income for prelim tax

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