Taxation of small income from a trade

  • Thread starter gaffer falls
  • Start date
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gaffer falls

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My wife and I are jointly assesed, she is a public servant, I am unemployed signing on just for credits.
I have an opportunity to earn circa €2-3k doing some book-keeping.If I was to take this up,I presumably would declare this on our tax return F12.
I assume I would be liable to tax at 20% on this (€600)(my wife will be using my personal tax credit).Would I be liable to self employed PRSI (min payment €254)? Health /levy would not apply as under threshold?
At what level of income do you need to register as a sole trader and file return F11?Would I need to sign off?
 
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