Hi,
I registered as self employed in 2014 but most of that same year I was unemployed. I had five jobs in total. By my second job I had a visit from Revenue (still scratching my head as to why) but I was assured it was merely a review. The person from the Revenue wanted to know was I running my affairs as a cash based business or a sales based business. I told them I was operating a cash based system. Cut a long story short I was bullied into running a sales based business and subsequently paid VAT on all sales including the ones I was not paid for.
My question is - out of the five jobs I was only paid for four of them in 2014. Should I pay income tax on all five?
The outstanding job was paid in 2015 so I am presuming I should not have to pay income on this amount until 31/10/16? I have already paid the vat on this amount.
I registered as self employed in 2014 but most of that same year I was unemployed. I had five jobs in total. By my second job I had a visit from Revenue (still scratching my head as to why) but I was assured it was merely a review. The person from the Revenue wanted to know was I running my affairs as a cash based business or a sales based business. I told them I was operating a cash based system. Cut a long story short I was bullied into running a sales based business and subsequently paid VAT on all sales including the ones I was not paid for.
My question is - out of the five jobs I was only paid for four of them in 2014. Should I pay income tax on all five?
The outstanding job was paid in 2015 so I am presuming I should not have to pay income on this amount until 31/10/16? I have already paid the vat on this amount.