Taxes for international part-time job in addition to regular full-time job

[GeekMan]

Hi,

I'm looking for advice as I think I am in a tricky situation, about taxes.

I am currently working in a full-time basis, but I also got the opportunity to make some work for a company located in New York. I am helping them in my spare time, and charging them as consultant, in an hourly basis.
I've been doing it for about 6 weeks now, I'm not sure about how long is going to be, but I am facing now the dilemma of what to do, related to taxes. As usual, my regular PAYE tax is handled by my full-time employer.

I'm not sure about how to do... I am aware that the situation can be a little tricky, taking into account that I am doing some work internationally, and can require specialized professional advice, but, to be honest, I don't even know where to start looking ...

Any help will be welcomed ;-) Thanks

 

[bazermc]

Do you have a contract of employment with this New York company or is it just freelance work? If it is freelance that you should be declaring your income and paying Irish income tax etc on it. have a read of the Income tax rules on revenue.ie

http://www.revenue.ie/en/tax/it/who-pays.html

basically if this work started during 2012 then you will probably need to file a 2012 tax return by October next year, this is all in addition to your PAYE income.
The fact that the work is being done internationally does not complicate the situation it would be the eaxct same if the company was Irish.

However VAT will also need to be considered as that wont be straight forward, however I would imagine the basic place of supply rules would apply and you will not charge VAT on your services, link as follows:

[broken link removed]



http://www.revenue.ie/en/tax/it/who-pays.html

 

[GeekMan]

Thanks for your answer. sorry if I still have questions!

Do you have a contract of employment with this New York company or is it just freelance work? If it is freelance that you should be declaring your income and paying Irish income tax etc on it. have a read of the Income tax rules on revenue.ie

basically if this work started during 2012 then you will probably need to file a 2012 tax return by October next year, this is all in addition to your PAYE income.
The fact that the work is being done internationally does not complicate the situation it would be the eaxct same if the company was Irish.

The work is freelance work. So, do I declare everything (the whole year 2012) by October 2013? I looks a little late for me.

However VAT will also need to be considered as that wont be straight forward, however I would imagine the basic place of supply rules would apply and you will not charge VAT on your services, link as follows:

So, according to that, I don't need to register for VAT until the turnover is higher than €25,500 (as I'm doing a service and not a selling goods)...

 

[bazermc]

What do you mean by a "little late"

The tax year runs on a cealendar year basis so Jan to Dec 2012. Self employed individual which you sound like (even though you are also PAYE) have until end october to file a return for the previous year, you can of course pay and file early.

If you are providing a service from Ireland to the US then no obligation to charge or register for VAT arises. However you may need to register regardless in specific circumstances when you buy in goods or services from outside Ireland.