PAYE and chargeable

[time2saygoodbye]

Hi,

I'm a PAYE worker earning in the top bracket. I also do some contract work which up until now has always had tax deducted at source by the employer. I was informed yesterday that they aren't doing that any more. This has apparently been agreed with revenue

Now I have no idea how this works, particularly since half the money earned from them has been fully taxed (and actually over taxed on USC), they are still marked as my employer on my P60 but now they aren't deducting tax. I don't even know when the tax year runs from?

December 2015 gross €440 (fully taxed at source)
February 2015 €2300 (fully taxed at source, overpaid USC)
August 2015 €2405 (no tax at all taken)

Projected:
September €1900 (from a different source, no tax will be taken)

I've figured out I am a chargeable person but I don't know how to calculate my tax or when its paid or how much I need to keep? I'm in a total panic about this as I have to keep enough for the tax obviously or I'll have a crazy bill at some stage. Is there any way for me to avoid an accountant or is the confusion between the different payment types this year in particular just going to make things really awful?

 

[Protocol]

No need to panic.

No need for accountant.

Tax year is calendar year.

First question: will the extra income, over and above your regular job, be above or below 3174?

If above, you may need to register with ROS, and then you use Form 11 tax return.

If below 3,174, then it's easier, you just use the normal Form 12 tax return that typical PAYE workers complete.