Reform of RCT (Relevant Contracts Tax) Budget 2011
Dec 18The following changes are contained in Budget 2011 • Replacement of the current RCT rate of 35% with a tworate withholding system on a revenue neutral basis: o 20% rate for subcontractors registered for tax with an established compliance record; o 35% rate for subcontractors not registered for tax; C2 registered subcontractors who, as before, [...]
