RCT (Relevant Contracts Tax)
RCT (Relevant Contracts Tax)
RCT applies to payments made to Sub Contractors within the Construction, Meat and Forestry Trades. There are very specific procedures that a Contractor must adhere to in relation to such payments. These procedures commence prior to any contract being entered into. Revenue apply these procedures in a very strict manner and any errors or omissions can incur substantial penalties.
Our service will first and foremost ensure that any client to whom RCT applies, is fully aware of all of the procedures. We can also provide a full compliance service if this is required.