The Revenue Commissioners have extended the deadline to 15 April 2010 for making a disclosure in relation to the RCT Return for 2009.
If a principal contractor discovers that payments were made gross to any subcontractor who had a valid C2 but not a revevant payments card, then a qualifying disclosure should be made before 15 April to avail of a fixed penalty of €3,000 rather than the normal interest and penalties, which could be substantial. The fixed penalty of €3,000 will apply to each instance of the failure to deduct RCT. It only applies where the error is exceptional and the client is generally tax compliant. Steps must be taken by the principal contractor to ensure that these errors do not happen again.
Note that the above applies to the qualifying disclosure and not to the RCT 35 filing return deadline. The filing date for the RCT 35 for 2009 was 15 February (or 23 February if filed and paid online).