Revenue Tax Briefing Issue 45 (part 2), 2001
Practitioners are asked to bring the following important matters to the notice of clients to whom RCT applies. RCT applies to payments to subcontractors in the construction, meat processing and forestry industries.
Revenue will issue Payments Cards (RCT47) to Principal Contractors for the year 2002, without the requirement for Principals to make individual application, in respect of subcontractors for whom Principals are issued with Payments Cards for the current period (6 April 2001 to 31 December 2001) and the Payments Card has not been cancelled.
Principals who require a Payments Card for 2002 in respect of any other subcontractor must apply for the 2002 Payments Card on form RCT 46 in the normal way.
These arrangements are to accommodate the changeover to Euro Denominated documents and apply for the year 2002 only.
The Euro Version of the form RCTDC will be available at local Tax Offices from mid November. To ensure that they have a supply of these forms at the Euro changeover date (1/1/2002) Principal Contractors should contact their local Tax Office with details of their requirements from mid November 2001.