Advice re: Form 12

springbaby

Registered User
Messages
5
Hi
Looking for some advice please regarding declaration of extra income. I am a PAYE worker but have a second income that I want to ensure I declare properly. For the 2018 year I am trying to fill out a Form 12 as income to be declared is €2500 approx. I have to declare it myself as tax isn't deducted at source. I cant seem to do it online and am thinking its possible because my husband is self employed. I've never had to do this before. Can I send in a postal Form 12 at this stage or do I wait until October when my husband files. I will be taxed at top rate. Approx with USC, PRSI, Tax etc what percentage can I expect to be deducted.Can I also opt to pay Revenue direct as I don't want to affect my tax credits if possible.
Thanks for your help.
 

Clarkey

Frequent Poster
Messages
249
Hi
Looking for some advice please regarding declaration of extra income. I am a PAYE worker but have a second income that I want to ensure I declare properly. For the 2018 year I am trying to fill out a Form 12 as income to be declared is €2500 approx. I have to declare it myself as tax isn't deducted at source. I cant seem to do it online and am thinking its possible because my husband is self employed. I've never had to do this before. Can I send in a postal Form 12 at this stage or do I wait until October when my husband files. I will be taxed at top rate. Approx with USC, PRSI, Tax etc what percentage can I expect to be deducted.Can I also opt to pay Revenue direct as I don't want to affect my tax credits if possible.
Thanks for your help.
If ye are jointly assessed your income needs to be returned on your husband's Form 11.
 

springbaby

Registered User
Messages
5
Thank you for reply. Im confused now after reading lots on line. I have calculated 2500 approx as my net income i.e. gross less expenses to carry out contract work. Is this what I declare?
 

elcato

Moderator
Messages
3,116
You are a PAYE worker so as long as you have less than 5k taxable income to declare you fill in a form 12. You can do it online if you are registered for ROS. If not I'd register as it makes the filling in easier and you have till October to complete. Failing that just fill in the paper form and send it in. Revenue will send back a form 21 which will detail what the tax due is. I would put a note in also to ask them to send you the amount owed and you will forward a cheque or bank transfer as I believe the default option will be to reduce your credits for 2019.
 

Clarkey

Frequent Poster
Messages
249
You are a PAYE worker so as long as you have less than 5k taxable income to declare you fill in a form 12. You can do it online if you are registered for ROS. If not I'd register as it makes the filling in easier and you have till October to complete. Failing that just fill in the paper form and send it in. Revenue will send back a form 21 which will detail what the tax due is. I would put a note in also to ask them to send you the amount owed and you will forward a cheque or bank transfer as I believe the default option will be to reduce your credits for 2019.
Form 12 can't be filed as her husband is self employed and they are jointly assessed.
 

AJ1

Registered User
Messages
28
Hi there,

I was just about to post the very same query. I'm paye worker, husband self employed. We are jointly taxed and I file form 11 each year for his tax return. I'm planning to do some self employed work and will likely earn 3k per year from this. From this it seems I'll have to file this on the form 11 as opposed to form 12? Filing form 12 means I wouldn't pay prsi on the extra income whereas with form 11 I will.
 

AJ1

Registered User
Messages
28
Would anyone know if I need to register as a sole trader? My non paye income will be about 3k but I cant file a form 12 as hubby files form 11 and were jointly assessed.
 

relax carry on

Registered User
Messages
9
Would anyone know if I need to register as a sole trader? My non paye income will be about 3k but I cant file a form 12 as hubby files form 11 and were jointly assessed.
All your income both PAYE and non PAYE must be included on your spouse's form 11 if you are jointly assessed.
 

AJ1

Registered User
Messages
28
All your income both PAYE and non PAYE must be included on your spouse's form 11 if you are jointly assessed.
Thanks for that,

I know all our income will have to be included in form 11. My husband registered as a sole trader with revenue prior to starting his business. I'm not sure if I have to do the same as I will be earning so little non paye income. Ill be putting my income on the form 11 but my query is whether I need to register as a sole trader too.
 
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