RCT Services
Our dedicated team can offer assistance with RCT advisory services as well as compliance issues from both a principal and/or contractor perspective, including dealing with Revenue audits. The Deloitte RCT team is staffed by personnel drawn from Revenue and has a wealth of experience in dealing with RCT in various sectors, including property, construction, technology providers, power generation, PPPs, rail/transport networks and offshore activities.
We have experience of advising in all sectors of business for a range of clients from SMEs to multinationals, from start-ups to companies listing on a stock exchange, from the private sector to the public sector.
The Deloitte Relevant Contracts Tax (RCT) team provides a one stop shop for all your RCT needs as a principal and/or as a sub-contractor. We can provide our RCT services separately or as part of a suite of tax, audit, consulting and financial services.
We focus on adding value to our clients in a practical and cost-efficient manner. Our RCT services include the following:
- RCT consultancy, including its impact on all aspects of trade and day-to-day business
- Providing training and compliance manuals on the practical operation of RCT tailored to suit your business needs
- Advising on the RCT implications of property transactions
- Conducting RCT reviews to identify risk areas and recommending strategies to mitigate risk and potential RCT costs
- Preparing and filing RCT unprompted/prompted voluntary disclosures with Revenue
- Assisting with Revenue audits, including carrying out a pre-audit review, and interacting and negotiating with Revenue
- Mitigating the penalties and interest regarding an RCT liability following a Revenue audit
Conducting RCT reconciliations for VAT & RCT (Revenue programme) - Assistance with RCT compliance; input contract notifications, payment notifications and review deductions summaries
- Application to Revenue for the zero per cent rate of RCT for subcontractors
- Obtaining RCT refunds for both resident/non-resident individuals and companies
- Conducting due diligence reports
