At the February meeting of TALC Collections, Revenue advised that an RCT Bulk Rate Review (“BRR”) is scheduled to take place in April. The upcoming BRR includes customers in the Business Division. This will be the first BRR of this group of subcontractors since September 2019.
Revenue advised that a preliminary review has identified just under 17,000 cases whose rates could potentially increase to 20 percent or 35 percent following the BRR. As mentioned at the February meeting of TALC Collections, Revenue will be sending advance letters on Tuesday, 15 March to the subcontractors identified in the course of that preliminary review to enable corrective action in advance of the live BRR in April.
The letters will include information on why a potential rate increase is warranted. The letters should prompt subcontractors and their agents to look at the relevant reasons and address those reasons in advance of the live BRR in April. Revenue has cautioned that if no corrective action is taken, then the deduction rates will be increased following the April BRR.
Subcontractors and their agents can see the detail of their deduction rate in ROS and can address the non-compliance issues arising. Revenue’s website contains the following information to assist in reviewing the RCT rates:
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