- The manual discusses the VAT treatment for flat-rate farmers who are not required to register for VAT
- Flat-rate farmers are compensated for VAT on farming costs through a simplified scheme
- The scheme avoids the need for these farmers to follow standard VAT registration and accounting procedures
- Definitions include that a flat-rate farmer must engage in agricultural production within the State and deal exclusively in agricultural produce or services
- Additional activities by the farmer may include other specified supplies
- Details on VAT registration obligations, entitlements, and cancellation options for farmers are available on the Revenue website
- The manual covers various aspects such as the flat-rate addition payments, invoicing, dealing with non-established traders, and claiming VAT refunds or repayments
- Specific sections address the amount payable to farmers, contra payments, and payments for multiple supplies
- There are restrictions on the flat-rate addition and special rules for spouses engaged in agricultural activities
- Appendices provide further details on agricultural produce and services
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.
