Kerryspring
Active Member
anybody here of any clarity on this...iv parlour to reclaim but not looking good from what im seen on journal this week....iv it approved on tams alright but ders very little clarity on the issue
vat reclaim
- Thread starter Kerryspring
- Start date
whichwire
Well-Known Member
I went into the accountant there as part of setting up a farm partnership. There is a form there vat 58 I believe. He was saying that very little has changed but it’s getting a lot of attention for some reason. So basically you can’t claim for any sort of mobile equipment. I think the revenue thinking is that it can be too easily sold on. However anything fixed down or bricks and mortar, the VAT can be claimed. For some reason there examine Agri claims far harder than normal business VAT reclaims. So it would be important to go through your invoices to make sure everything you’re claiming is VAT reclaimable.
whichwire
Well-Known Member
How to reclaim Value-Added Tax (VAT) on farm buildings
Farmers who are not registered for VAT may reclaim VAT paid by them in relation to the construction, extension, alteration or reconstruction of farm buildings and structures, or on land drainage and land reclamation.
MF30
Well-Known Member
I put in my VAT claim on December 28th and got an approval message on Myrevenue later that day. They lodged the money to my account this week. Very efficient I thought.
I don't understand why there is so much noise about this in the media, nothing has changed. I think someone put down the wrong description and started crying.
If you read very carefully what you are allowed to claim for and get the same wording on your receipts and on your claim, you should be ok
Can you put up the link please. Thanks in advance
stevieg
Well-Known Member
Not really. It was standard practice to reclaim vat on a new bulk milk tank in an existing dairy. This now appears to be not allowed.
Seedsower
Well-Known Member
Apparently there is a new lady in charge of that section in revenue and she looked on done deal and saw bulk tanks and automatic calf feeders for sale there and wasn't happy.
I think the definition is fixed equipment, anything that can be taken out and sold she isn't happy about.
I think the definition is fixed equipment, anything that can be taken out and sold she isn't happy about.
What about gates, feeding barriers, cubicles
Seedsower
Well-Known Member
Don't know, cubicles are usually concreted in aren't they?
Gates etc aren't high value to the same.extent as automatic feeders and bulk tanks.
I think someone on here said that this is the only country in the world where non registered farmers can claim.vat back?
So I don't think it's worth a huge battle.
Can other types of business get vat back?
Gates etc aren't high value to the same.extent as automatic feeders and bulk tanks.
I think someone on here said that this is the only country in the world where non registered farmers can claim.vat back?
So I don't think it's worth a huge battle.
Can other types of business get vat back?
Danny healy ray
Well-Known Member
if a lad purchased a load of topsoil from a quarry to finish off a building job and there vat charge could he reclaim the vat from revenue?? thanks lads
Ozzy Scott
Well-Known Member
Why would you? just expense the topsoil this year at 100%
What kind of building job
jf 850
Well-Known Member
Would you not be looking for trouble ?
Danny healy ray
Well-Known Member
used to cover rubble instead of screenings
Danny healy ray
Well-Known Member
don't think so
jf 850
Well-Known Member
Would rarely reclaim vat on smaller items , even an occasional load of concrete goes in as repairs , and do as Ozzy desribes below .
Ozzy Scott
Well-Known Member
Why would you put topsoil over rubble? Are you grassing the patch. Do you want to buy more loads of soil, I would do you a good deal. Is there even Vat charged on topsoil?
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Are you building a dwelling house, a slatted shed, what are you building, you won't get the vat back saying you're covering some rubble
What if you were making a loss, would you be better to claim the VAT back or not.
Anything I make on the farm, I spent it making improvements and I put in a small bit of my own money as well, so I have losses accumulated for a few years.