Relevant Contracts Tax (RCT) - Important Note Relating to C2 Applications

The new electronic RCT system will go live on 1 January 2012. From 28 November 2011 Principal Contractors will be able to access the new system to allow them notify Revenue of the contracts that will be rolling over into 2012 or make amendments to these contracts. Also, in general, subcontractors with a valid C2 on 25 November 2011 will qualify for the zero rate from 1 January 2012.

Further information can be found here http://www.revenue.ie/en/tax/rct/new-system-faqs.html and video tutorials on how the new system will operate can be found on http://www.revenue.ie/en/tax/rct/online-information-session.html