Following a RCT rate review by Revenue 19,130 contractors had their RCT deduction rates amended either upwards or downwards, depending on their compliance track record. Revenue carried out a Bulk Rate Review which consists of a review of the RCT deduction rates of all sub-contractors registered in the eRCT system based on their tax compliance over the previous three years to date.

Revenue advises in eBrief No. 17/14 that all sub-contractors who have had their RCT deduction rate amended on foot of the recent rate review, and their relevant principals, will receive notification advising of the rate changes.

Further details on the RCT rates and Revenue’s recent rate review are set out in eBrief No. 17/14.