Update - called accountants yesterday. Said that we must submit a payment for for Prelim Tax for this year end ie. Dec 2007. (By the way the cheque is to be payable to the Revenue Commissioners).
What they had outlined as €2,000 "profit" was actually his projected "income" that we told them to use for calculation (as he is only starting out and able to work on a part-time basis).
So I have asked for the "profit" to be reduced to €1,000 as we have paid out approx. €2,000 in start up fees with Liability insurance, membership, stationary etc.
And also no tax credits availabe as I, the wife, use all the tax credits!
Thanks for help - I understand everything backwards for an employee on PAYE but when it comes to self-employed it is a new subject, going to download all Revenue guides and have some good bedtime reading!