Trusted by Ireland’s leading organisations for Payroll training.
Overview
- Who is a Principal Contractor?
- Who is a sub-contractor?
- What are relevant construction operations?
- What is a relevant contract?
- Registration as a Principal Contractor
- Registration of contracts by Principal Contractors
- Submission of Payment Notifications to Revenue
- Application of RCT to payments to sub-contractors
- What happens if RCT is not deducted?
- What payments are subject to RCT and what payments are not subject to RCT?
- Tax clearance procedures for Public Sector contracts
- Records and Penalties
- Operation of Reverse Charge VAT on construction operations
Payment options
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RCT – 19-20 September 2024
Non-member: €350.00 / Member: €275.00
FAQ
Here are your answers
We are the Irish Payroll Association. We focus exclusively on Payroll & Professional Tax training in Ireland. Established in 2000, we work with Payroll Professionals and Businesses from every sector of the economy.
Browse these questions and answers to help you make an informed decision on whether this course is right for you.
For more questions email us at [email protected]
"Our company has recently started using sub-contractors so I needed more information on how to treat RCT so I signed up for IPASS course. From the initial interaction, I found IPASS to be efficient, friendly and very helpful. The course was extremely interesting and informative. Ciaran was really good at explaining the topic and addressing the many questions he received during the lecture. He is an excellent lecturer. I came away with a much better understanding of RCT and a full manual to refer to when needed. I highly recommend this course."
Principal contractors for Relevant Contracts Tax (RCT) purposes must comply with the RCT rules and regulations and deduct RCT from payments made to subcontractors as required. Principal Contractors must also self-account for the VAT due on construction operations directly to Revenue.
Failure to operate in accordance with the RCT Regulations or account for VAT can result in significant penalties being imposed by Revenue, which could also result in publication as a tax defaulter.
This course will provide delegates with a thorough understanding of the RCT and reverse charge VAT obligations of principal contractors.
This course is highly beneficial for a range of professionals within the construction industry, particularly those associated with principal contractors. Key beneficiaries include:
- Anyone working in Accounts Payable for a principal contractor (e.g. public service body, construction businesses, manufacturers of construction materials, etc.)
- Accounts and Finance Department Staff: Individuals working in the accounts or finance departments of principal contractors will gain valuable insights and skills, enhancing their ability to manage financial operations effectively.
- RCT Administrators: Agents responsible for administering Relevant Contracts Tax (RCT) on behalf of principal contractors will benefit from in-depth knowledge and practical strategies to ensure accurate and efficient RCT management.
- Internal auditors employed by principal contractors
- Participants will get the opportunity to put their questions to a taxation consultant who specialises in this area
- Small groups to allow time for individual attention and queries
- A detailed handout is supplied to each delegate – an invaluable reference document
- 30 day free telephone helpline service following date of course
If you would like to connect with a member of our team, please book a 15 min video-call with one of our Admissions representatives, or call us directly on 01 4089100
Our training is designed to have an immediate impact on your job performance. Each participant will receive a detailed handout, updated to reflect the very latest legislation, serving as an invaluable reference document.
You get to learn from the best with programmes delivered by subject matter experts with deep domain knowledge built up over years of hands on industry experience.
Additionally, a 30-day free telephone helpline service is available after the course for further support.
Programme participants earn an IPASS Digital Credential, issued electronically on a secure platform, with a link that you can share to verify your credentials. Your digital credential may be added to your LinkedIn profile to demonstrate your achievement to your network as well as recruiters and potential employers searching for individuals with your skills and experience.
Due to the short nature of the courses, participants are not required to sit exams or complete assignments. Instead, they are encouraged to actively participate and engage to make the most of the interactive and supportive environment provided.
Attendance at this course may qualify for CPD/CPE hours for members of Professional Bodies such as Chartered Accountants Ireland, the Association of Chartered Certified Accountants, CPA Ireland, the Irish Tax Institute, the Law Society, Accounting Technicians Ireland and other Professional Bodies.
It is the responsibility of each Awarding Body to determine the allocation of CPD hours. They may request evidence of the curriculum you completed and a copy of your digital credential.