CIS & RCT tax retention

Construction Industry Scheme (CIS) for UK Business. Relevant Contract Tax (RCT) for Irish Business.​

CIS & RCT tax retention enables the functionality needed to be able to handle forms of retention tax on work performed by subcontractors (CIS - Construction Industry Scheme for UK, and RCT - Relevant Contract Tax for Ireland) performing services. The app has functionality to calculate, withhold, post, and report the withheld amounts according to the needs per subcontrator.​

​The purpose of the schemes is designed to withhold tax that applies to certain payments by principal contractors to subcontractors, thus on vendor level in Microsoft Dynamics 365 Business Central.​

​The rates vary across states and legislations and can be adjusted on a detailed level using the CIS & RCT tax retention app.