- Revenue published new guidance on the Flat-Rate Farmers VAT Refund Order
- Legislation allows VAT refunds for specific expenditure related to farm buildings, farmland, and qualifying equipment for electricity generation
- Tax and Duty Manual provides details on how VAT can be reclaimed and conditions for eligibility
- Revenue consulted with farming sector and representative bodies in developing the guidance
- Farmers and their agents are encouraged to familiarize themselves with the guidance
- Claims under the Refund Order are made on a self-assessment basis, and claimants must ensure compliance with the Order before submitting claims
Source: revenue.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.
