Republic of Ireland: Relevant Contracts Tax - Renewal of C2 cards with an expiry date of 31 December 2008

Written by Ian Congreave - Filed under: Relevant Contracts Tax on November 3rd, 2008

Revenue is now reviewing the entitlement of subcontractors holding C2 cards with an expiry date of 31 December 2008 to renew their C2 cards for 2009. As part of this review, letters are being issued to subcontractors who, according to Revenue records, have outstanding liabilities and/or returns. Details will be provided to the subcontractor with the letter.

A new C2 card for 2009 will not be issued to subcontractors until their tax affairs have been brought up to date. To ensure the timely issue of C2 cards effective from 1 January 2009, subcontractors should contact their local tax office to confirm that their tax affairs are in order.

Principal contractors are reminded that they must have a valid Relevant Payment Card (RCT 47) before making gross payments to a subcontractor. Where the contract is ongoing at 31 December 2008, the principal contractor can make a bulk application to Revenue for payments cards on Form RCT 46A.

The relevant payment cards for 2009 will not be issued to the principal contractor until the valid C2 has been collected by the subcontractor. Relevant Contracts Tax at 35% should be deducted from any payments made to the subcontractor before the relevant payment card is received.

Further information:
Renewal of C2 cards with an expiry date of 31 December 2008
Construction Industry Guides

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Written by Ian Congreave -

Filed under: Relevant Contracts Tax on November 3rd, 2008