TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

eRCT Rate Review

As a result of a recent eRCT Bulk Rate Review carried out by Revenue 10,810 contractors had their RCT deduction rates amended either upwards or downwards, depending on their compliance track record.

A Bulk Rate Review is an automatic review of the RCT deduction rates of all subcontractors registered in the eRCT system based on their tax compliance over the previous three years to date.

According to Revenue eBrief No. 78/14 all subcontractors who have had their RCT deduction rate amended on foot of the review, and their relevant principals, are in the process of receiving a notification advising them of the rate changes.