If you’re unsure whether you should register for the Income Tax self-assessment, here’s a guide to help clarify when it’s required and how to go about it.

You should register for Income Tax self-assessment if:

• You are self-employed.
• Your only, or main, source of income is from:
  • Rental income
  • Investment income
  • Foreign income (including foreign pensions)
  • Maintenance payments
  • Fees exempt from Pay As You Earn (PAYE).
• You have profited from share options or share incentives.

You must register for self-assessment if:

• Your taxable non-PAYE income exceeds €5,000, or
• Your gross non-PAYE income exceeds €30,000.

Important Note:

If your non-PAYE income is below these thresholds, it can still be taxed by adjusting your Income Tax credits and standard rate cut-off point, a process known as “coding.” In this case, you will need to declare your non-PAYE income by submitting a Form 12 online through ‘PAYE Services’ in ROS.

How to Register:

You can register for self-assessment by using the eRegistration service, or by completing part A and part B of a Form TR1.

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