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 System – Input of Payment Notifications

Revenue guidance has been amended to provide information for principal contractors submitting payment notifications for a closed contract under the eRCT system.

Tax & Duty Manual Part 18-02-11 (Electronic Relevant Contracts Tax System) tells us that:

  • A principal contractor can make a payment notification for a closed contract up to 9 months after the end-date of the contract. If the payment was made more than 9 months after the end-date of the contract, the Principal will need to re-open the contract to submit a payment/post payment notification.
  • Where a contract has been closed for 9 months (and not re-opened), only unreported payment notifications can be input on that closed contract.
  • Where a contract has been closed for 18 months or longer (and not re-opened), no payment notifications – either post payment or unreported – can be input on that closed contract.