One off Job, Not Registered

  • Thread starter methodinsane
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methodinsane

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First time poster.

I've completed a job (service based) for a company. I'm not a sole trader and don't intend on registering (I started a fulltime PAYE job) and certainly won't be earning enough (it really is just a once off) to register for VAT. TBH I don't want to register at all.

My dilemma is that the company is requesting a VAT number which I dont have. I'm not registered for VAT as stated so what can I do here? Can I issue an invoice (bill or whatever) without a VAT number. Are there specific items I need to include on the invoice?

I apologise as in general I'm pretty much taxation ignorant (hence me signing up here)

Thanks in advance.
 
Issue an invoice with your name and address. You cannot charge VAT as you are not registered.

Include the invoice under non-PAYE earnings in your tax return next year.
 
Thanks for the speedy reply.

Ok since I'm not registered in any form or shape (sole trader/Vat or otherwise) how do I this:

"Include the invoice under non-PAYE earnings in your tax return next year."

Thanks.
 
Either
1) Page 4 Paragraph 8 of Form 12, "Employments/Offices/Pensions not subject to PAYE deductions"
or
2) Page 5 Paragraph 11 of Form 12 "Fees Commissions etc. not included elsewhere".

Maybe some of the the tax gurus on here can say which specific entry to use.
AFAIK, either one will result in the Revenue deducting tax and maybe PRSI.
 
Great. I'm just glad I don't have to register for self assessment (sole trader) tax. Obviously I don't mind having to send this form in and pay tax on this one job.

I rang my local office and they reckon that I can either fill out a Form12 and declare my supplementary income, or have my tax credits reduced across my yearly pay (I'm working fulltime ina PAYE job as I may have stated).

Either way thanks for the info. Glad I found this site.
 
This may be slightly off topic but since we're talking about the same tax return/one off job issue.

I was wondering how I calculate the tax/levvies on this job. The income if I was to get cash would be €1200. I'm going to negotiate with the company regarding the price so that I get 1200 into my hand after deductions.

Can you tell me exactly what taxes and percentiles I can expect on the supplementary one off income like this so I can then calculate the new price with the company?

Thanks.
 
It depends on which is your current marginal rate of tax - 20% or 41%. You can gross you income up by the appropriate rate plus the 2% health levy.
 
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