Form 12, just to clarify..

Maximus_1

Hi there,

Last year I did some work (IT jobs) for a local school outside of my PAYE 9 to 5 in November and December. The agreement was I would declare and pay the tax on the income I got (€520). So its that time of year. From what I can gather I need to submit a form 12.

Question 1, I am selecting fees and commissions as the type of income as its the closet thing I can see to my situation. Am I right in thinking this?

Question 2, does this then automatically get deducted out of my wages? I'm estimating around €150 between TAX (lower rate) and USC.

Thanks

2ndcoming

You're right on both counts. You can use either the fees / commisions block or the "untaxed income arising in the state" panel. Either way it will have the same effect.

If you earned over 32,800 (as a single person) the total liability between tax and USC would be 48%, that would be reduced from your next year's tax credits.

Maximus_1

Thanks 2nd. So it doesn't work like removing a relief where they deduct the amount from your wages (happened me earlier this year when I removed a rent relief via PAYE Anytime, bam next payday I was €100 lighter), it will be reduced from next years credits. 6 of one, half..