Relevant Contracts Tax
06/07/1992
Query
Whether a supplier of Liquified Petroleum Gas is a person carrying on a gas undertaking for the purposes of section 531(1)(g) TCA 1997
Decision
Yes
Income Tax
Section 531, Taxes Consolidation Act, 1997
Origin: Direct Taxes Interpretation & International Division
File ref:IT922030
20/10/1995
Query
Whether Inspector is entitled to be present at a hearing in accordance with Regulation 17of the RCT regulatinons
Decision
The Inspector is not entitled to be present at such a hearing
Income Tax
Section 531, Taxes Consolidation Act, 1997
Origin: Direct Taxes Interpretation & International
File ref:IT952004
07/11/1997
Query
Whether a principal contractor who makes a payment in kind rather than a payment of money to subcontractor is obliged to operate RCT on the payment in kind.
Decision
RCT applies to payments in kind in the same way as it applies to payments of money. "Payment" in section 531(1) TCA 1997 can include payment other than in money form. The value of the payment in kind is the market value. This can be determined at appeal, if necessary.
Income Tax
Section 531, Taxes Consolidation Act, 1997
Origin: Direct Taxes Interpretation & International Division
File ref:IT 972514