Revenue E-Brief

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Revenue E-Brief Issue 18/17, 17 February 2017

Updates to the Electronic Relevant Contracts Tax (eRCT) System

Tax & Duty Manual Part 18-02-11 (Electronic Relevant Contracts Tax System) has been revised to take into account updates and enhancements to the eRCT system. The updates, which came into effect from December 2016 are outlined below.

Look up Payment Notifications

RCT Principals and Subcontractors (and their Agents) can look up payments paid or received for any selected 12 month period. Users in ROS have the ability to download the list of payments extracted in an Excel spreadsheet (in CSV format). Any cancelled payments will not be retrieved in the 'look up'.

Closed Contracts - Unreported Payments

Up to end-November 2016, a Principal was able to input Payments/Post Payments and Unreported Payments up to 9 months after the end date of the contract. Since December 2016 it is possible to input Unreported Payments on a closed contract up to 18 months after the end-date of the contract. There is the added benefit that users can see contracts which were closed up to 18 months previous; in case they need to be re-opened.

eReg RCT Registration

When registering for RCT as a sub-contractor on eRegistration, the applicant (or his or her Agent) will be advised that:

  • the subcontractor has been given an initial 20% deduction rate for RCT, and
  • if the subcontractor requires to review this rate, s/he can navigate to the 'Look-Up/Review Deduction Rate' page which can be accessed from the eRCT home page in ROS.

17 February 2017