Thanks, so if for argument sake my PAYE salary is 80,000, and I earn 17,500 for separate weekend work, my Tax Liability is on 97,500?
In your example above, your employer deducts PRSI and levies on the 80,000 at the appropriate rate through your payroll system weekly / monthly.Thanks, so if for argument sake my PAYE salary is 80,000, and I earn 17,500 for separate weekend work, my Tax Liability is on 97,500?
In your example above, your employer deducts PRSI and levies on the 80,000 at the appropriate rate through your payroll system weekly / monthly.
When you submit your tax return at year end for the 17,500, the Revenue will issue you with a tax bill and MAY retrospectively look for PRSI and levies on your additional income, up to about 5%.
You may be digging a hole for yourself with 79 cent / mile.
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