Income Tax and Corporation Tax (Relevant Contracts Tax) Regulations 2012
9 Adjustment to liability.
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(1) In submitting details under section 530F(3)(a) of the Act in respect of a relevant payment, the principal shall—
(a) identify the subcontractor concerned in the manner required by the RCT service, and
(b) provide such details in relation to the relevant payment as may be required by the RCT service.
(2) The Revenue Commissioners shall cause the RCT service to notify a principal under section 530F(3)(b) of the Act of whether any adjustment arises as a result of the application of section 530F(3)(a) of the Act.
(3) The rate of tax referred to in section 530F(3)(a) of the Act shall be the rate of tax last notified to the subcontractor concerned under section 530I of the Act before the submission of the details referred to in paragraph (1).
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(1) An unreported payment notification required to be provided by a principal to the Revenue Commissioners under Section 530F(3) of the Act shall be provided using the appropriate portal of the RCT service.
(2) For the purposes of paragraph (1) details of the following matters shall be included in an unreported 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) the amount of the relevant payment;
(d) the date the relevant payment was made;
(e) such other information as may be required by the RCT service.
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