Apologies if this is covered elsewhere but I can't find anything.
I was exclusively earning non-PAYE income from August 2016 up until the end of January. All of my clients are/were not-for-profits and since I was about to exceed the VAT registration threshold I finished up with one of them having been offered a PAYE position 3 days per week on a fixed term contract for 6 months (and possibly 12) which will be useful in keeping me below the VAT threshold for another year or two.
I started the PAYE role this week so I'm just wondering what I should and need to do RE: my tax credits. I rang my accountant today but he was unavailable so I said I'd chance here before contacting Revenue directly. My non-PAYE income for 2017 will be a minimum of €25k, and up to €40k+ depending on how things go (I may register for VAT later in the year if the available work continues to grow) and my gross PAYE income for the rest of the year - assuming it runs for the full year - will be €25k.
I was exclusively earning non-PAYE income from August 2016 up until the end of January. All of my clients are/were not-for-profits and since I was about to exceed the VAT registration threshold I finished up with one of them having been offered a PAYE position 3 days per week on a fixed term contract for 6 months (and possibly 12) which will be useful in keeping me below the VAT threshold for another year or two.
I started the PAYE role this week so I'm just wondering what I should and need to do RE: my tax credits. I rang my accountant today but he was unavailable so I said I'd chance here before contacting Revenue directly. My non-PAYE income for 2017 will be a minimum of €25k, and up to €40k+ depending on how things go (I may register for VAT later in the year if the available work continues to grow) and my gross PAYE income for the rest of the year - assuming it runs for the full year - will be €25k.