Relevant Contracts Tax (RCT)

Course description

Principal contractors for Relevant Contracts Tax (RCT) purposes must comply with the RCT Rules and Regulations and deduct RCT from payments made to subcontractors as required. Principal Contractors must also account for the VAT due on construction operations directly to Revenue.

Failure to operate in accordance with the RCT Regulations or account for VAT can result in significant penalties being imposed by Revenue, which could also result in publication as a tax defaulter.

Who is this course for? 

• Those responsible for engaging contractors for construction services
• Individuals who need to identify which construction services are liable to Relevant Contracts Tax (RCT)
• Professionals handling payments to contractors for construction services
• Individuals overseeing the operation of RCT
• Those responsible for paying retention money for previously completed construction work
• Anyone responsible for accounting for VAT on the reverse charge basis for construction services
• Those involved with tax clearance procedures applicable to Public Sector contracts