530B Notification of a contract by a principal

Summary

Section 530B sets out the obligations on a principal when notifying the Revenue Commissioners of having entered into a relevant contract. Before notifying Revenue, principals must satisfy themselves as to the identity of subcontractors and, for this purpose, principals must require production of documentary evidence and retain details of the relevant evidence. It also includes provision for the making of regulations in relation to the notification of a contract by a principal.

Details

(1)(a) Upon entering into a relevant contract, a principal obliged to operate RCT shall provide to the Revenue Commissioners information in relation to the identity of the subcontractor, the estimated value of the contract, the duration of the contract, the location(s) where the work will be carried out and whether it is a labour only contract.

(1)(b) A declaration must be submitted confirming that the principal is satisfied that the subcontractor is not an employee of the principal.

(1)(A) Before submitting the contract notification, the principal must be satisfied as to the identity of the subcontractor and in doing so must obtain documentary evidence from the subcontractor of their identity and retain such evidence or record relevant details from the evidence provided.

(2) Where a relevant contract was entered into prior to 1 January 2012 a contract notification must be submitted by the principal if a payment is outstanding under the contract.

(3) Contract notifications must be submitted by electronic means and Chapter 6 of Part 38 shall apply.

(4) The Revenue Commissioners shall make regulations in relation to the submission of contract notifications by principals.

Relevant Date: Finance Act 2025