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RCT deduction rate changed for subbies ?

RCT deduction rate changed for subbies ?

I am subbie and our principal contractor has increased the RCT deduction rate ? Why is this ?

The reason why your RCT deduction rate has changed could be due to a twice yearly review done by revenue on all subbies compliance records. Revenue calls this a RCT Bulk Rate review (BRR)

Revenue currently carries out a BRR twice a year. The BRR assesses the current compliance position of each subbie in the eRCT system. A determination of their RCT Deduction rate, of 0%, 20%, or 35%, is then made.

In advance of each BRR, subcontractors are contacted. They are advised that their deduction rate may be subject to an increase to 20% or 35%.

Subcontractors who have moved to a higher rate of RCT can check the reasons why such a determination was made. This can be done using the RCT self-service options in ROS. Once the compliance issues have been resolved, subcontractors can self-review their RCT rate in ROS and receive a new rate determination

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

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