Taxes Consolidation Act 1997 section 530V

Miscellaneous

Section 530V sets out miscellaneous provisions supporting the operation of relevant contracts tax (RCT), covering regulations, delegation of a principal's obligations, the death of a principal, Revenue's powers, and the treatment of payments to liquidators or receivers.

• RCT regulations may include any incidental or supplemental provisions needed to enable compliance and ensure the system operates efficiently, and must be laid before Dáil Éireann within 21 days or be annulled.
• A principal's RCT obligations may be carried out by another person acting with the principal's authority, and anything purporting to have been done by or on behalf of a principal is deemed to have been done by the principal unless the contrary is proved.
• On the death of a principal, the personal representative assumes responsibility for the principal's RCT obligations, and Revenue may delegate their functions under the Chapter to any Revenue officer or carry them out through electronic systems.
• RCT applies to relevant payments made to a liquidator or receiver, with the tax deducted treated as a payment on account for the chargeable period either before or after the appointment, depending on when the relevant contract was entered into.