How much VAT do you have to pay when buying or selling horses or greyhounds?

Tread carefully – there are a variety of rates that apply in differing circumstances

Tricky business: 'Interpreting the rules and chargeable rates of VAT for registered equine and greyhound enterprises can be challenging'. Photo: Julien Behal/PA

Martin O'Sullivan

Farmers are generally not required to register for VAT. For VAT purposes, a farmer is someone involved in the supply of certain agricultural produce and services.