Taxes Consolidation Act 1997 section 530N

Assessment by Revenue officer

Section 530N sets out the circumstances in which a Revenue officer may make an assessment of relevant contracts tax on a principal, and the right of appeal against such an assessment.

• Where a Revenue officer believes a principal has not filed an RCT return or has understated the tax payable, the officer may assess the total tax due for the return period in a single sum, and the person assessed is liable to pay that amount.
• The officer may amend an assessment if necessary, must notify the person assessed of the total amount due, and must issue the notice electronically where the person is a registered principal.
• A person aggrieved by an assessment may appeal to the Appeal Commissioners within 30 days, but only after filing the relevant return and paying all tax, surcharges and related interest; once the appeal is determined, the tax in the assessment becomes due and payable.
• An assessment may cover a single return period or several consecutive periods and may issue before the period ends; Revenue may make regulations dealing with the issuing of assessment notices, appeals procedures and related matters.