Clearly it is important to ensure compliance with VAT regulations and legalisation.

At Kealy Mehigan we have experience dealing with the Revenue Commissioners and can assist you with the following:-

Preparation and submission of VAT returns

Advice on how to maintain VAT records

Revenue audits

Preparation of voluntary disclosures

Interact with Revenue on clients' behalf

Clarifying technical points

Timely registration for VAT and other taxes, where appropriate (e.g. payroll taxes, Corporation Tax)

Relevant Contracts Tax (RCT) applies within the construction, forestry and meat processing industries.

For RCT to apply a “Principal” must engage a contractor to carry out “Relevant Operations” under a “Relevant Contract”.

The Legislation obliges a Principal to deduct RCT from any payments made to a sub-contractor who does not possess a Certificate of Authorisation (C2) and in respect of which he does not possess a current Relevant Payments Card (RCT47). The amount of tax to be withheld represents 35% of the VAT inclusive amount payable.

Any RCT deducted from a sub-contractor may be reclaimed from the sub-contractor's tax office.

If the sub-contractor does possess a C2 and the Principal has also obtained Form RCT47 (Relevant Payments Card) from the Revenue Commissioners, the Principal will not deduct RCT from the sub-contractor.

It is important that proper RCT planning is completed as the non-application of RCT can have severe consequences for the Principal Contractors. Furthermore, any non-Irish contractors engaged in "Relevant Operations" in Ireland have the same RCT obligations/ exposures as Irish-based principals including the obligation to deduct RCT from payments to non-Irish sub-contractors engaged.