- AgTech Ireland chairman, Padraig Hennessy, warns that a change in VAT refund policy for farmers will result in job losses and harm Ireland’s climate and sustainability goals.
- Hennessy urges Minister for Finance, Michael McGrath, to restore VAT refunds for sustainability investments.
- Revenue claims that it has not changed its approach to VAT refund orders and assesses each claim on its own merits.
- Hennessy argues that the change in approach is unjustified and has damaging consequences for agriculture, sustainability, and rural employment.
- Farmers are cancelling orders for agtech equipment and machinery due to the loss of the VAT refund, leading to financial losses and potential layoffs.
- Hennessy calls on Minister McGrath to take action, including amending relevant legislation, to align VAT policy with sustainability targets for agriculture.
Source: agriland.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
