Indirect Tax publications

As part of BDO’s commitment to providing our clients with up to date relevant information regarding important VAT related decisions made by the Court of Justice of the European Union (CJEU), our international VAT experts review and summarise the salient points affecting the outcome of CJEU interpretation of VAT legislation and this information is posted to our website on an on-going basis.

If you have any feedback in relation to this matter, please email ifeerick@bdo.ie

> View the complete list of CJEU judgements.

Kind regards

Ivor Feerick
Partner
Indirect Tax Department
Chair – BDO International VAT Centre of Excellence

Relevant Contracts Tax (RCT) was introduced by Revenue in the early 1970s to address tax slippage in the construction industry. Between the time of its introduction and 31 December 2011 RCT legislation obliged certain defined entities (Principals) to withhold 35% of certain construction related payments, in the absence of specific paperwork

The legislation was later extended to cover certain payments to contractors in both the meat processing and forestry sectors. After 40 years in operation, it might seem that RCT would be second nature within these industries, but its obligations can still come as a surprise to many businesses operating therein.

> Read more (PDF, 111KB).