Accountant Cork | O'Donovan Keyes & Co Chartered Accountants | Ireland

Accountant Cork ODK, we will improve your business. Our clients will tell you that.

  • Home
  • How we work
  • Services
    • Audit
    • Annual Accounts
    • Solicitors
    • Taxation
    • Payroll Outsourcing
  • Accounting Login
  • Submit A Form
    • Personal Tax Form
    • Business Kickstart
    • Cashflow
    • Pay Online
  • Help Videos
  • Blog
  • Contact
  • Live Chat

Builders Contractors

25/05/2016 By ODK

ScaffoldingThe construction sector is an area Revenue continue to focus on and an increase in compliance interventions and on-site visits can be expected.

To get ahead of any potential letter or visit from Revenue you should review your tax affairs with a focus on the following areas:

Correct operation of the reverse charge
Revenue has highlighted issues / failures encountered in the operation of the reverse charge and will be paying particular attention to how the VAT Reverse Charge is being operated. Penalties will be applied where appropriate.

Country Money
Checks on the payments of country money without deduction of PAYE/PRSI/USC to ensure they meet the criteria set out by Revenue.

Operation of Relevant Contracts Tax (RCT)
The eRCT system gives Revenue access to real time data on activity in the construction sector. Revenue is using this data to identify cases where RCT is not being operated correctly as part of their selection of cases for intervention.

For an independent review of your tax compliance or information on this contact:

Tracey O’Leary ACA – 021 4628188 – tol@odk.ie

Share this:

  • Print
  • LinkedIn
  • Twitter

Filed Under: Latest News

Latest Articles

What the All Blacks can teach us about the business of life

When you talk about a premium brand it doesn’t get much more premium than the All Blacks. Legacy by … [Read More...]

Improve Your Bank Balance – 4 Step Action Plan

In less than four minutes we walk you through a simple but powerful case study and offer a 4 Step … [Read More...]

Company Car – SME Tax Implications – Simple Explainer

A recurring query that we have from clients is around the tax treatment of a company car for the … [Read More...]

Have Your Online Banking Publish To Your Accounting Software

Having your online banking post entries directly to your accounting software is not new but … [Read More...]

How Pricing Can Be 5 Times More Effective Than Cutting Overheads

Get your pricing wrong and profitability may be a far off dream. Watch the short video below to see … [Read More...]

3 Ways An SME Can Charge A Premium Price

Below are three ideas for small businesses, which will help you to charge a premium price. The … [Read More...]

More articles

CONTACT US

PHONE + 353 21 4628188
E-MAIL info@odk.ie
 
ADDRESS
O'DONOVAN KEYES & CO
Chartered Accountants & Statutory Auditors
Bridge House
Cork
Ireland

Copyright © 2023 · O'DONOVAN KEYES & CO