Important information for Principals and Subcontractors RCT

Important information for Principals and Subcontractors in the Construction, Meat Processing and Forestry Sectors.

C2 Applicants

While every effort is made to process C2 applications as quickly as possible, time must be allowed for the actual production and delivery of the C2 card with digitised photograph and signature.

Where applications are made after 30th November, it will not be possible to guarantee delivery of the C2 before Christmas. Subcontractors applying for a C2 should ensure that their properly completed applications, with relevant supporting documentation, are submitted to their local office as early as possible.

Forms RCT 5 (C2 application form) are available for download from the Construction Industry Project page on www.revenue.ie. However applicants must also submit a photocard (PC5A) which is only available from your local Revenue office.

Payment Card Applications (Forms RCT 47)

2006

Where a payments card (RCT 47) is required for the current year, the principal and subcontractor should apply as soon as possible on the Form RCT 46. Where the Form RCT 46 is received after 11th December, it will not be possible to guarantee delivery of the payments card before Christmas. Payments made without the payments card must be subjected to RCT at 35%.

2007

Principals using Form RCT 46A to order payments cards for next year should submit these as soon as possible to ensure timely delivery of the cards. The Form RCT 46A should only be used where an ongoing contract is likely to extend into next year and each subcontractor's current C2 number should be quoted.

Forms RCT 46 and RCT 46A are available for download from the Construction Industry Project page on www.revenue.ie

Forms RCT 35 2006 - Due Date 15th February 2007

Forms RCT 35 will shortly be issuing for 2006. The filing date for these returns is the 15th February 2007. Changes have been made to the filing arrangements for next year. Principals and their advisors should note that this form should be returned to PO Box 354, Collector-General's Division, Sarsfield House, Limerick. Instructions will be included on the Forms.

Returns for earlier years should continue to be sent to the local Revenue office.

Points to note in completing the Form RCT35:

• The declaration on the front of the form must be signed by the principal contractor
• The declaration must include the gross payments made and tax deducted
• Where there is a declaration, there must be a listing
• Where there is a listing, there must be a declaration
• The entries on the form must be legible
• Full information must be completed for each subcontractor. In particular, the full name and address of the contractor must be shown. The tax number or PPS number must be quoted where available. The date of birth should be quoted in the case of individuals. The RCT 47 card number should always be quoted where one was received.

Forms that are not completed correctly will be returned for correction which may result in your missing the filing deadline. Furthermore, forms that are not fully or are inaccurately completed may give rise to unnecessary correspondence or audits.

Forms RCT 35 can be filed using the Revenue On-Line Service (ROS). This is the most efficient way of filing returns and making payments. ROS also allows you to file your monthly Forms RCT 30 and pay any tax that is due. ROS offers access to your tax account on a 24/7 basis. Full details are available on www.revenue.ie or by email from rosmanager@revenue.ie.

Many contractors use ROS for their VAT and PAYE returns, but still file paper RCT returns. They should be encouraged to use ROS if at all possible. Revenue will shortly be launching an awareness campaign for these contractors.

Stamp Duty Questionnaire

In October 2006, questionnaires were issued to a small random sample of property developers. The purpose of the questionnaire was to gather statistical data regarding the application of the stamp duty code to land development. Revenue are now analysing the responses in preparing a report for the Minister for Finance.

We wish to thank those developers, their agents and advisors who responded to the questionnaire for their assistance on this matter at short notice.