Income Tax and Corporation Tax (Relevant Contracts Tax) Regulations 2012
5 Notification of relevant payment by principal.
(1) A payment notification shall be made to the Revenue Commissioners using the appropriate portal of the RCT service.
(2) For the purposes of paragraph (1) and subject to paragraph (3), details of the following matters shall be included in a payment notification:
(a) the identity of the subcontractor, including name and tax reference number;
(b) identification of the contract to which the payment relates;
(c) such other information as may be required by the RCT service.
[1]>
(3) Where a principal has entered into more than one relevant contract with a subcontractor, the principal shall—
(a) where the payment to be made is in respect of a single contract, in giving a payment notification, identify the contract in respect of which the payment will be made, and
(b) where the payment to be made is in respect of more than one contract with that subcontractor, give separate payment notifications each identifying only that part of the payment that refers to the related contract.
<[1]
[1]>
(3) Where a principal has entered into more than one relevant contract with a subcontractor, the principal shall associate the payment notification with any current contract for the subcontractor, or the principal may—
(a) where the payment to be made is in respect of a single contract, in giving a payment notification, identify the contract in respect of which the payment will be made, or
(b) where the payment to be made is in respect of more than one contract with that subcontractor, give separate payment notifications each identifying only that part of the payment that refers to the related contract.
<[1]
(4) Where a principal anticipates that a relevant payment is not going to be made before the end of the return period in which the payment notification is given, the principal shall, before the end of the return period, cancel the payment notification using the appropriate portal of the RCT service, and the payment notification concerned shall be deemed not to have been given.
(5) Where a principal cancels a payment notification under paragraph (4), and where tax was due to be deducted from the payment, the Revenue Commissioners shall, by electronic or other means, notify the subcontractor of the cancellation of the payment notification by the principal.