Revenue are issuing an explanatory leaflet on the new application of the reverse charge to all registered RCT cases. The leaflet contains information in a non-technical format to assist Principal Contractors & Subcontractors in understanding the new reverse charge VAT in the Construction Industry on services subject to RCT, effective 1 September 2008.
Revenue have advised that they do not underestimate the difficulties in implementing the new regime. They are using this particular format to try to minimise those difficulties.
The leaflet is available here.