Relevant Contracts Tax (RCT)
Navigating Relevant Contracts Tax (RCT) can be complex, particularly in industries such as construction, forestry, and meat processing where strict Revenue rules apply. At TaxMasters Accountants, we provide clear, expert RCT support to ensure your contracts, payments, and filings are handled correctly and on time.
Whether you are a principal engaging subcontractors or a subcontractor working under relevant contracts, our experienced team helps you remain fully compliant while avoiding costly errors, penalties, or cash flow disruptions.
We manage the administrative burden of RCT so you can focus on running your business.
We believe RCT support should be proactive and precise. That’s why we take the time to understand how your contracts operate, ensure correct deduction rates are applied, and manage all reporting through ROS — giving you confidence and peace of mind throughout the year.
Things to Know or Watch Out For with RCT
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RCT Applies Before Payment Is Made
Contract and payment notifications must be submitted to Revenue before payment is issued. Late submissions can result in penalties and interest. -
Incorrect Deduction Rates Are Costly
Applying the wrong rate (0%, 20%, or 35%) can impact cash flow and trigger Revenue queries. We ensure the correct rate is always applied. -
Contracts Must Be Registered Properly
Every relevant contract must be registered through ROS. Failure to do so can result in compliance issues.
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RCT Is Closely Monitored by Revenue
RCT is a high-risk area for audits and compliance checks. Accurate and consistent reporting is essential. -
RCT Affects Overall Tax & VAT
RCT does not operate in isolation — it impacts your income tax, VAT, and year-end accounts. We ensure everything aligns correctly. -
Cash Flow Can Be Affected
Unexpected deductions or incorrect reporting can cause unnecessary strain. Proper planning helps avoid surprises.
TaxMasters Accountants
