A guide to self-assessment
Who should register for Income Tax self-assessment?
You should register for Income Tax self-assessment if you:
- are self-employed
- receive income from non-Pay As You Earn (PAYE) sources, for example:
- have profited from share options or share incentives.
You can register for self-assessment by using the eRegistration service or completing part A and part B of Form TR1.
You do not need to register for self-assessment if:
- you only have PAYE income
- your taxable non-PAYE income does not exceed €5,000 and your gross non-PAYE income does not exceed €30,000. This is when income is taken into account in calculating your tax credits and standard rate cut-off point for PAYE purposes. In this case, you must submit a Form 12 online through PAYE Services in myAccount.
If your taxable non-PAYE income exceeds €5,000, or your gross non-PAYE income exceeds €30,000, you must register for self-assessment.
Next: What is preliminary tax?