Relevant Contracts Tax filing and payment periods extended |
An RCT35 is the annual return of the total amount of payments made to subcontractors and the amount of Relevant Contracts Tax (RCT), if any, deducted in a calendar year. This is due to be filed with Revenue on 14 February 2011 (23 February when filed online).
We recommend that an RCT review be conducted prior to filing the annual return, as there is an opportunity for self-correction – please contact the RCT team for assistance.
The RCT30 is a monthly RCT return that shows the total amount of RCT deducted from subcontractors during that particular month. The RCT30 is due to be submitted by the 14th of the following month (23rd when filed online).
Revenue have introduced a new arrangement whereby principal contractors who remit RCT deducted of €28,800 to Revenue on an annual basis will be entitled to file RCT returns and make payments on a quarterly basis rather than monthly returns. This will take effect from 1 January 2011.
If, as a principal, you hold a valid payments card for all contractors engaged, or the total RCT deducted from contractors does not exceed €28,800 annually, you should be entitled to the reduced filing and payment arrangement. Revenue have stated all eligible Principals will be contacted shortly.
If you require any assistance please contact a member of our RCT team.
See Revenue guidance on extended RCT filing and payment periods.
