Taxes Consolidation Act 1997 section 530R

Partnerships

Section 530R sets out how relevant contracts tax (RCT) applies where relevant operations are carried out by a gang, group or partnership.

• Where a principal makes a payment for work carried out by a gang or group (including a partnership), the payment is treated as having been made to each individual member in the proportions in which they share it, and RCT applies accordingly to each member's share.
• Unless the principal makes a separate payment to each member, the person authorised by the gang or group (or the precedent partner, in the case of a partnership) must notify Revenue of the name, address and tax reference number of each member and the proportion of tax deducted to which each is entitled.
• Revenue must make regulations specifying how this information is to be provided and the steps Revenue will take on receipt of it.
• Where the principal contractor is itself a partnership, the precedent partner is responsible for carrying out all obligations imposed on the principal under the RCT rules.