There are many responsibilities for principles to undertake to ensure they are fully compliant when operating RCT on payments to sub contractors. These steps to be undertaken by a principle to achieve compliance in the area as follows:
Register for RCT on Revenue's Online Service (ROS)
Notify Revenue of each contract (Contract Notification]
Create a Site Identifier Number (SIN)
Notify Revenue of the payment to be made to a sub-contractor (Payment Notification)
Await issuance of a Deduction Authorisation by the Revenue
Provide a copy of the Payment Notification Acknowledgement to the sub-contractor
Await receipt of the Deduction Summary at the end of each month and carefully review this Summary to ensure accuracy
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