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Taxation for Online Income

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  • 03-07-2016 4:11pm
    #1
    mart_r
    Registered Users Posts: 3 ✭


    Hi ,

    I am thinking of setting up some websites online in my spare time with the view to make some extra income via google adsense and affiliate tools. Do I need to register for VAT ? How do I go about my taxes ?

    I am working full-time at the moment , this will just be extra income.
    Tagged:


Comments

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    #2
    Geuze
    Registered Users Posts: 13,375 ✭✭✭✭Geuze


    You declare the profits as part of your tax return.

    Use Form 12 if the profit is under 3,174.

    Otherwise, use Form 11.


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    #3
    mart_r
    Registered Users Posts: 3 ✭mart_r


    Thanks Geuze,

    So basically I don't need to register for Tax. I can start to make
    money and fill one of these forms out at the end of the year ?


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    #4
    Geuze
    Registered Users Posts: 13,375 ✭✭✭✭Geuze


    Bear in mind I'm not an expert, just well-read.

    Please read the Revenue website to satisfy yourself.


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    #5
    BabySlam
    Closed Accounts Posts: 349 ✭✭BabySlam


    you need to notify revenue when you start the business. you do not need to register for VAT until your annual income is significant. Have you read the stuff on the Revenue site?


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