Mastering Relevant Contracts Tax for Construction Contractors
Are you a Principal or Sub Contractor dealing with Relevant Contracts Tax in your business? This practical course is designed to help you to register for, implement and record relevant contracts in your business.
Through practical examples, you will gain the knowledge to understand:
- What is RCT?
- What are the RCT rates?
- How to Check or Change Your Rate
- How can I move to a better RCT rate?
- How do I record RCT in my Accounts? 1
- Principal Contractor’s Perspective (You Withhold RCT)
- Subcontractor’s Perspective (RCT Is Deducted From You)
- How do I record my RCT transactions on my software?
- For Subcontractors
- For Principal Contractors
- Ensuring RCT Compliance
- Penalties for Making an Unreported Payment
- How do VAT and RCT Interact?
By the end of this course, you will not only understand the mechanics of RCT but also have the ability to deal with and record it correctly and avoid related penalties.
Join now and empower your SME with essential accounting skills to stay ahead in today’s competitive landscape!
