Search Results for 'principal contractor'
6 results found.
Relevant contract tax – are you aware of the changes?
Relevant contract tax is a withholding tax which applies to all those involved in construction, forestry, and meat processing operations. The legislation obliges the principal contractor to deduct 35 per cent tax from the amount payable to contractors/subcontractors engaged to carry out activities for which he/she does not hold a relevant payment card. In general, a principal contractor may include property developers, building companies, construction trades. Local authorities and public utilities companies established under statute are also deemed to be principal contractors. The principal contractor is also obliged to maintain records of all payments regardless of whether they have a relevant payment card on file for them.
Kilcoyne calls for action in support of sub-contractors
Speaking in Castlebar today Independent General Election candidate Councillor Michael Kilcoyne has expressed his deep concern at the number of sub-contractors in Mayo who have been deprived of their money by the main contractor on public works projects.
Kilcoyne calls for action in support of sub-contractors
Speaking in Castlebar today Independent General Election candidate Councillor Michael Kilcoyne has expressed his deep concern at the number of sub-contractors in Mayo who have been deprived of their money by the main contractor on public works projects.
VAT and subcontractors
I have a construction company specializing in one off housing. I am engaged by contractors to do work for them and also by the house owners in which case I use my own subcontractors. I am very confused by the new scheme for VAT between principal contractors and subcontractors. How does it work?
Managing the cash cost of VAT
While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.
Managing the cash cost of VAT
While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.
