Revenue has informed us that it will cease the Relevant Contract Tax (RCT) registration of circa 47,000 predominantly Business Division cases who are now inactive for RCT. This will not impact other tax registrations. Taxpayers with no RCT payments made/received/contracts entered into in 2021, 2022 or 2023 will be considered inactive and will have their RCT registration ceased.
Revenue has also advised that, if a taxpayer is linked to a new RCT contract notification in the future, their RCT registration will be auto reactivated without requiring intervention by the taxpayer or their agent.
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