Irish Revenue eBrief No. 213/22 of 19 December 2022 updates Part 18-02-11 (Electronic Relevant Contracts Tax System) (referred to as the “eRCT” system) of the Tax and Duty Manual.
The update introduces a new paragraph 8 (Bulk Rate Review), which provides details on new bulk rate review procedures to be carried out by Irish Revenue on a monthly basis. Certain contractors will be selected for a compliance assessment each month, resulting in the Relevant Contracts Tax rate review and amendment, where necessary.
Source Deloitte
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