Before you can create RCT-related transactions in Sage Accounting, you must enable RCT for your business.

You can choose to enable RCT as:

• A subcontractor
• A principal contractor (you must be VAT registered)
  
• Both

 NOTE: Only subcontractor functionality is available for businesses using Sage Accounting Start. 

Once enabled, Sage Accounting will:

• Add new RCT control accounts to your Chart of Accounts
• Make RCT fields available on customer, supplier, and transaction screens
• Allow you to generate RCT-specific reports

If you’re not sure whether your business needs to use RCT, read this article first: What is RCT and who needs to use it?

For more information about Revenue requirements, visit: www.revenue.ie/

1. Go to Settings.
2. Select Business Settings.
3. Under Financial settings, select Relevant Contracts Tax (RCT).
4. Select Start.
5. Choose your RCT role:
   • I'm a principal contractor
   • I'm a subcontractor
   • I'm both a principal and subcontractor
6. Enter your Tax Reference Number (TRN) and your business name registered with Revenue.
7. If you selected Principal contractor or Both, you can optionally select a Default deduction rate. 
    NOTE: This is the default rate used when recording sales receipts, but you can change this on a per-transaction basis. 
8. Select Save and then Confirm.

After you enable RCT:

• Your Chart of Accounts updates automatically with new RCT control accounts
• New fields appear on customer, supplier, and transaction screens
• You can start processing RCT transactions

If you need to flag customers or suppliers for RCT, follow these articles:

• Flag a customer as a principal contractor
• Flag a supplier as a subcontractor