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Setting up Relevant Contract Tax (RCT) for IE Business

Overview: 

To enable Relevant Contract Tax (RCT) for an Irish Business, select Settings˃ Accountants Set Up the following screen will appear. The option on the Account Setup pop up, the option Enable RCT Transaction tick box must be ticked. Please note RCT is only applicable for IE based business only. 

See below: 

Setting_Up_RCT_for_Ireland_Business_Image_I.png

Tick the RCT Principal tick box to enable the IE Business for RCT

Please note, for new IE business and existing business “Enable RCT Transactions” tick box will be unticked by default

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