Archive for the ‘RCT’ Category

Reform of RCT (Relevant Contracts Tax) Budget 2011

Dec 18

The 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, […]

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