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Martin O’Sullivan: Is it worth registering for VAT? You need to do the sums for your farm

Farmers need to establish how much VAT they pay out annually on average, and how much their flat-rate refund is worth

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Decisions: Farmers, including farming companies, are not obliged to register for VAT, irrespective of their turnover, but they can if they want

Decisions: Farmers, including farming companies, are not obliged to register for VAT, irrespective of their turnover, but they can if they want

Table 1

Table 1

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Decisions: Farmers, including farming companies, are not obliged to register for VAT, irrespective of their turnover, but they can if they want

Farmers often ask me whether it would be worth their while registering for VAT.

All farmers are entitled to claim back VAT on capital expenditure on land improvement, farm buildings and fixed plant installations, but not on input or overhead costs or on farm machinery or vehicles.


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