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RCT Self Correction

  • 18-02-2017 11:54am
    #1
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭


    Hi Folks,

    Revenue Code of Practice on RCT self correction seems confusing to me.

    "For RCT in cases where a deduction authorisation was obtained from Revenue, the self correction must take place within 12 months of the due date for filing the monthly or quarterly online return"

    Then it goes on to say;

    "No amendment may be made to RCT returns after the return due date in relation to any RCT relevant payment that has been the subject of a deduction authorisation under Section 530D TCA 1997"

    All Section 530D does is outline the process of notifying Revenue and them issuing deduction authorisations..

    The above two quotes seem to contradict each other?

    Therefore can you self correct RCT in cases where you didn't remit the RCT or correct amount to Revenue?

    Am I correct in stating that no self correction without penalty is allowed for payments made without a deduction authorisation or an incorrect deduction amount?


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