Relevant Contracts Tax (RCT)

Relevant Contracts Tax (RCT)

What is RCT? RCT is withholding tax applied to certain payments made by principal contractors to subcontractors in the construction, forestry and meat – processing industries. Rates of tax range from 0%, 20% and 35% depending on the subcontractor’s tax status with...
Revenue 2018 Annual Report

Revenue 2018 Annual Report

Revenue issued their 2018 Annual Report on 09th May confirming Revenue collected net Exchequer receipts of €54.6 billion last year. Chairman, Niall Cody stated that; ‘when compared to 2017, net Exchequer receipts increased by €4 billion. There were increased receipts...
Local Property Tax Deferred until 2021

Local Property Tax Deferred until 2021

As reported in the Independent and RTE news, amendments due to take place this November on Local Property Tax (LPT) have been deferred until 2021. This means LPT will remain at it’s current level until then, which has been the case since 2016. But is this delaying the...
Getting tax back on your Pension Lump Sum

Getting tax back on your Pension Lump Sum

As the October 31st tax deadline races towards us, you may want to consider topping up your pension, as this is the deadline for claiming any tax relief this amount for the 2017 tax year. You can make lump sum payments to your private pension or an AVC (Additional...