Revenue E-Brief

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Revenue E-Brief Issue 117/15, 22 December 2015

Relevant Contracts Tax - The application of RCT to relevant operations carried out in designated areas of the Continental Shelf

Relevant Contracts Tax (RCT) applies to payments made in certain industries by a principal contractor to a subcontractor for relevant operations. Section 530 of the Taxes Consolidation Act, 1997 refers.

Section 25 Finance Act 2015 extends the scope of RCT to relevant operations carried out in areas designated by order under section 2 of the Continental Shelf Act 1968. This change takes effect from 1 January 2016.

The Income Tax, Capital Gains Tax and Corporation Tax Manual, Part 18-02-01, has been updated to take account of this change.

22 December 2015