RCT Bulk Rate Review to check for outstanding returns

In early September, Revenue will carry out a Bulk Rate Review (BRR) of all subcontractors in the eRCT system. Paragraph 3.5 of Revenue’s Manual on Relevant Contracts Tax for Subcontractors sets out the criteria used to determine whether 0%, 20% or 35% RCT rate deduction applies. Outstanding tax returns or payments can result in an increase in an RCT tax deduction rate. Subcontractors and their tax agents can carry out a “self-review” on ROS to check if any returns or payments are outstanding, in order to rectify the position and obtain or retain a zero-rate deduction. The self-review can be completed by selecting the Look-Up/Review Deduction Rate option from the Manage Relevant Contract Tax Service.