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I intend to work from home on some freelance work, while keeping my fulltime job, and need to make sure that i am paying all the correct taxes, etc. should i register for vat? (there are 2 of us thinking of trading under a business name). can i pay the tax seperately, so that my employer is not aware of it?
any help would be appreciated.
thanks
1. No
2. Ask them, as not having to pay VAT on an invoice is a plus for their short-term cash-flow
If income not subject to PAYE exceeds €3,174 (bank interest, rents, share dividends, your invoices, etc) in a tax-year then submit Form 11 for tax-returns and remit additional tax, levies & PRSI otherwise, as PAYE tax-payer submit Form 12. This is a very simplistic explanation.... Mathepak - what is the case for under 3k ...
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