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Guidance Note for Boards of Management

July 31, 2012

As you are aware Boards of Managements are obliged to operate Relevant Contracts Tax (RCT) and Value Added Tax (VAT) reverse charge in respect of a range of activities including Construction Projects, Summer Works, Emergency Works and Major Devolved Projects in addition to day to day Repairs.

The Revenue Commissioners have prepared a Guidance Note to assist Boards of Management with the operation of RCT and the VAT Reverse Charge.

The Guidance Note is available on the Revenue website at the following link: http://www.revenue.ie/en/tax/rct/guidance-boards-rct-vat.pdf

The Guidance Note provides examples of the types of activities that fall under the definitions of “Construction Operations” as they may apply to Boards of Management. It also provides information on the operation of the VAT reverse charge and gives links to various pages on the Revenue website which will provide useful information to Boards of Management.