Regina Doherty (Meath East, Fine Gael)
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To ask the Minister for Finance if the relevant contract tax continues to apply to school Board of Managements; and if he will make a statement on the matter. [52326/12]

Michael Noonan (Limerick City, Fine Gael)
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Relevant Contracts Tax (RCT) is a withholding tax system that operates in the construction, forestry and meat processing sectors. Principal contractors are defined in section 530A of the Taxes Consolidation Act 1997 as including “any board or body established by or under statute ... and funded wholly or mainly out of funds provided by the Oireachtas”. As such, school Boards of Management are principal contractors for the purposes of RCT and are required to operate RCT. From 1 January 2012, the Revenue Commissioners have substantially modernised the operation of RCT following the introduction of a dedicated online facility which offers principal contractors a fast, efficient and paper free system. This has streamlined the process for the submission of information and payments to the Revenue Commissioners and has had the effect of significantly reducing the administrative burden associated with RCT.