Relevant Contracts Tax (RCT)

Credit for RCT deducted and offsets

Revenue will automatically credit your tax record with any Relevant Contracts Tax (RCT) that the principal has deducted.  Once a tax return is filed and the liability falls due, our system will automatically offset RCT credits against these liabilities.

Please note our automatic offsets procedures are as follows:

• Employers' Pay As You Earn (PAYE) deductions - Once the monthly return is filed, we will automatically offset your RCT credit against the declared liability.  
• Income Tax/Corporation Tax (CT) – Once the annual Form 11/CT 1 is filed, the RCT system will automatically offset your RCT credit against the declared liability. If you require the offset to go against a preliminary tax liability, you must submit a preliminary tax declaration. Once the declaration is submitted, we will automatically offset your RCT credit against the liability. 
• Value-Added Tax (VAT) – Once the VAT 3 return is filed, we will automatically offset your RCT credit against the declared liability.

Note

You must use MyEnquiries to request a credit offset to periods that are covered by Debt warehousing or an Instalment arrangement. 

All automatic system offsets happen no later than seven days from the date the liability becomes due. We will send a statement of account confirming an offset has been made to your Revenue Online Service (ROS) inbox. 

Next: Penalties for principal contractors