RCT Bulk rate review guidance

Jun 04, 2019

We recently reported on the work we are doing with Revenue to address members concerns about the difficulties faced by businesses operating RCT as a result of the recent bulk rate review run.  In an effort to better inform taxpayers in the event of a rise in the RCT rate, Revenue have issued an eBrief outlining that there are self-service options in ROS to do the following:

  1. see the issues giving rise to a RCT deduction rate increase, and
  2. request a review of the deduction rate assessment after the identified compliance issues have been addressed. 

Guidance on the eRCT system is set out in Revenue’s Tax and Duty Manual 18-02-05.    We will continue discussions on the matter with Revenue on behalf of members.