Nixer Issuing an Invoice and declaring income

myhandle

Doing a few nixers, in service sector, small amounts, but now increasing perhaps total of E 2000 p.a. max.

Clients now want to pay by cheque/EFT and recieve invoices.

Problem, do invoices requrire some registered number on them (eg PPS)? Is it illegal to issue an invoice without that? Should income be declared somewhere, or is said figure acceptably low?

RainyDay

do invoices require some registered number on them (eg PPS)? Is it illegal to issue an invoice without that?

No - name/address should be fine.

Should income be declared somewhere, or is said figure acceptably low?

What do mean by 'acceptably low'? Do you mean acceptable by the standard Irish hypocrisy that lambastes Haughey/Burke/Lawlor/Lowry for their tax evasion, but has a good laugh in the pub about nixers and jobs for cash. As far as I can work out, the threshold for the 'acceptable' level of tax evasion is usually about €5k above the income of any of those involved in the conversation.

Do you mean 'acceptable' as in 'Revenue won't chase me'? Well, it's probably below the threshold at which they would be interested today - but who's to say that they won't change their mind in 3-5 years and start backtracking through bank accounts and company records to double-check? By that time, your bill will have dramatically increased via their punitive interest and penalties.

So, yes, the income should be declared via a tax return - See [link=www.revenue.ie]Revenue's website[/link] for more details about how to go about this.

ednwireland

the only reason most co's want invoices is to put through their books - if it goes through their books it appears soemwhere in the revenue and your name will be clocked and they do keep an eye on these things - its how they catch most tax dodgers
the other thing is they might be expecting a vat registration number if they complain you dont have to be vat registered for turnover less than 25k but if you go over they backdate all your payements and you can't go and get the money off your customers. know someone who got done

myhandle

Is some registration (e.g. cro?) required before such a title "sole trader" can be used?

RainyDay

AFAIK, you can operate as a sole trader without any registration. You only need to register a trade name if you wish to operate under a different name, e.g. "Myhandle Enterprises"

LoneGunM@n

As mentioned above, you can trade in your own name without registering a trade name [i.e. Ur Name] ... If you want to regsiter a trade name, you need to complete the form RBN1 & send to the CRO with the required fee, which can be found on CRO

IMHO you should declare the income you receive, because if the company you are providing the nixers for are selected for a Revenue Audit, you could get right royally screwed if the Revenue Auditor raises questions about your invoices [may or may not happen]

Although the income is only €2,000.00, the Revenue Commissioners like to hound the small guys, so as to make an example of them to others who may be doing the same thing!! :mad: