According to eBrief No. 31/2008, where a subcontractor submits the tax deducted certificates (Form RCTDC) outside the 4-year time limit for repayments, he/she is entitled to have the tax contained in the RCTDC taken into account and credited only against any outstanding tax liability on trading profits (from the trade which gave rise to the deduction) for the particular chargeable period.

The sub-contractor will not be entitled to an offset against any other tax liability or to secure a repayment in respect of any balance remaining in the RCTDC.

According to the eBrief, an article with more detailed information on this matter will be included in the next issue of the Tax Briefing magazine.

eBrief No. 31/2008 is reproduced at Section 2.05.