Vat reclaim.

kelslat

Hi all.
Can vat be reclaimed on plant hire when building a slatted shed, such as welder generators

Deepsouthwest

kelslat wrote: »

Hi all.
Can vat be reclaimed on plant hire when building a slatted shed, such as welder generators

Yes

DirtyDiesels

Deepsouthwest wrote: »

Yes

check again - vat cannot be claimed on machinery or tools only farm buildings/extensions, fencing and land reclamation/drainage..... on the other hand... how your invoices tally up and what they actually have printed on them is a different storey


DD

Deepsouthwest

DirtyDiesels wrote: »

check again - vat cannot be claimed on machinery or tools only farm buildings/extensions, fencing and land reclamation/drainage..... on the other hand... how your invoices tally up and what they actually have printed on them is a different storey


DD

I'm sure the op is asking about tools/machinery which were hired for the construction of a farm building. I've reclaimed vat in that instance.

DirtyDiesels

Deepsouthwest wrote: »

I'm sure the op is asking about tools/machinery which were hired for the construction of a farm building. I've reclaimed vat in that instance.

Fair play f you did but the revenue website says different or else it just doesn't mention about the Hire of machinery/tools.

DD

From the website.....
"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. Claims for such repayment should be made on Form VAT 58. Such reclaims can be made for all VAT on such expenditure within the past four years. Applications for repayment must be submitted within four years from the end of the taxable period to which the claim relates. "

Deepsouthwest

DirtyDiesels wrote: »

Fair play f you did but the revenue website says different or else it just doesn't mention about the Hire of machinery/tools.

DD

From the website.....
"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. Claims for such repayment should be made on Form VAT 58. Such reclaims can be made for all VAT on such expenditure within the past four years. Applications for repayment must be submitted within four years from the end of the taxable period to which the claim relates. "

Does that quote not confirm what I'm saying? "Vat paid by farmers in RELATION to the construction, extension, alteration or reconstruction of farm buildings
eg. if I pay vat on the rent of a cherry picker for roofing a shed, then I can reclaim that vat.

Timmaay

You can obviously still only write off the value of the hire of the cherry picker etc over 8yrs then??

Gard1

vat can be reclaimed on any costs associated with the building of a shed/slatted house land reclamation or fencing. this would include the cost of machinery hired in to complete. if you buy the welder you couldn't claim vat on this

Deepsouthwest

Surely we're only talking about hire here?

Sami23

Gard1 wrote: »

vat can be reclaimed on any costs associated with the building of a shed/slatted house land reclamation or fencing. this would include the cost of machinery hired in to complete. if you buy the welder you couldn't claim vat on this

Surely a welder would be considered an associated cost if you were using it to make feed barriers or even weld say brackets onto frame of shed ?

Deepsouthwest

Sami23 wrote: »

Surely a welder would be considered an associated cost if you were using it to make feed barriers or even weld say brackets onto frame of shed ?

I'm afraid it doesn't work like that

kelslat

Got the vat back on plant hire tools used for the shed build!

OUTDOORLASS

Yep, so did we. Including a cherry picker for re roofing.

whelan2

how long does a vat claim take now for payment after you have submitted it?

Timmaay

whelan2 wrote: »

how long does a vat claim take now for payment after you have submitted it?

Was back to me within 2wks.

Quick question, are you able to claim back vat on things like drill bits/angle grinder blades, I'd classify them as a consumable used during building.

whelan2

Timmaay wrote: »

Was back to me within 2wks.

Quick question, are you able to claim back vat on things like drill bits/angle grinder blades, I'd classify them as a consumable used during building.

ye, i brought invoices into accountant yesterday and he said they where fine

orm0nd

whelan2 wrote: »

how long does a vat claim take now for payment after you have submitted it?

claim in since 6th of Dec & no word of anything

it's a fairly size able amount though & may be pushed to the bottom of the pile

how long are you waiting ?

lakill Farm

6 weeks the last vat58 on farm here but that was including Christmas

whelan2

orm0nd wrote: »

claim in since 6th of Dec & no word of anything

it's a fairly size able amount though & may be pushed to the bottom of the pile

how long are you waiting ?

i would be giving them a phone call. I didnt post mine yet, plan was to photocopy all the invoices last night but the electricity was off, will probably post on monday

whelan2

posted my form etc 4 weeks ago, i got a letter to say it would be paid into my bank account after a week and nothing since, how long has anyone else been waiting?

lakill Farm

whelan2 wrote: »

posted my form etc 4 weeks ago, i got a letter to say it would be paid into my bank account after a week and nothing since, how long has anyone else been waiting?

4-6 weeks

orm0nd

whelan2 wrote: »

posted my form etc 4 weeks ago, i got a letter to say it would be paid into my bank account after a week and nothing since, how long has anyone else been waiting?

orm0nd wrote: »

claim in since 6th of Dec & no word of anything

it's a fairly size able amount though & may be pushed to the bottom of the pile

how long are you waiting ?

money in a/c 10th feb

best to ring them , got no letter here only the returned invoices with a note of reference number

lakill Farm

orm0nd wrote: »

money in a/c 10th feb

best to ring them , got no letter here only the returned invoices with a note of reference number

Ormond 6 Dec to 10 Feb is 8 weeks. allow 10 days over xmass and about 6 weeks

Whelan give till end of next week I say

whelan2

lakill Farm wrote: »

Ormond 6 Dec to 10 Feb is 8 weeks. allow 10 days over xmass and about 6 weeks

Whelan give till end of next week I say

if there was a problem would i have heard by now?

lakill Farm

whelan2 wrote: »

if there was a problem would i have heard by now?

totally, if a problem you would normally hear within 1-2 weeks

visatorro

if I get a digger to clear away gorse and brambles from a side of a hill, is that considered land reclamation?

Fuxake

Claiming back VAT isn't always a no brainer. In most items linked to construction and reclamation, the VAT rate is 13.5%. For obvious construction costs (eg slats, concrete, shed etc) it is obvious that you are building a new facility and the tax write off is limited to capital allowances (ie depreciation).

The same thing applies if you are reclaiming land or doing drainage. Under the old Farm Improvement Programme there were accelerated capital allowances which meant, from memory that you could write off the entire cost of a new shed in 3 years. But now, if I am not mistaken, the write off is over minimum 7 years.

In this case, getting 13.5% back is not all that attractive when you consider that if you were maintaining drains rather than making new ones, you could write off the entire expenditure in the same year against income tax. At this point, the question is whether you will be paying tax at 52% or 31% or less?

Bending over backwards to get VAT back on consumables doesn't work all that well if you end up paying tax at 52% this year and maybe don't have a tax bill in future years.

BTW, apart from dairy farmers, there are a lot of cattle farmers who should really look at getting VAT registered. Especially if they have a lot of stock being bought and sold and have a lot of machinery around the place. But the only way to know is to examined maybe three years of accounts and do the math.

whelan2

got a letter today, they threw out a few things, drill bits etc are not allowed to be claimed on

KCTK

whelan2 wrote: »

got a letter today, they threw out a few things, drill bits etc are not allowed to be claimed on

Grinder disks? Have had arguments before with them about such stuff, how can you build a fixed asset such as a shed without drill bits, grinder disks and welding rods?? You should call them and argue your case just for the pleasure of hearing their justifications!!!

lakill Farm

KCTK wrote: »

Grinder disks? Have had arguments before with them about such stuff, how can you build a fixed asset such as a shed without drill bits, grinder disks and welding rods?? You should call them and argue your case just for the pleasure of hearing their justifications!!!

same here. They don't allow the weighting scales now. because it can be unbolted and moved

I said sure my full shed is base plated and bolted down

KCTK

lakill Farm wrote: »

same here. They don't allow the weighting scales now. because it can be unbolted and moved

I said sure my full shed is base plated and bolted down

Won't allow weighing scales? That's crazy, sure I could unbolt most of my milking parlour in a day, sometimes I wonder do they just make things up as they go and then we can argue until we're blue in the face with them and still get no sense!!!!

lakill Farm

KCTK wrote: »

Won't allow weighing scales? That's crazy, sure I could unbolt most of my milking parlour in a day, sometimes I wonder do they just make things up as they go and then we can argue until we're blue in the face with them and still get no sense!!!!

yes not allowing them now.

whelan2

money in account today, so took just over 6 weeks

lakill Farm

whelan2 wrote: »

money in account today, so took just over 6 weeks

was fairly right

MfMan

lakill Farm wrote: »

yes not allowing them now.

Didn't think they ever allowed them. Hard to make a case that they're permanent fixtures.

lakill Farm

MfMan wrote: »

Didn't think they ever allowed them. Hard to make a case that they're permanent fixtures.

they are bolted down. same way lots of crushes and sheds are bolted down.

3 the square

Any one have experience with claiming back vat with a phone copy of an invoice as the original invoice is lost ??

Injuryprone

3 the square wrote: »

Any one have experience with claiming back vat with a phone copy of an invoice as the original invoice is lost ??

Had one before, wasn't accepted

dryan

Probably covered already...

going to concrete the farm yard.
probably looking at 9/10 lorry loads of concrete.
Can i do a vat reclaim on this - concrete, materials, labour?

lakill Farm

dryan wrote: »

Probably covered already...

going to concrete the farm yard.
probably looking at 9/10 lorry loads of concrete.
Can i do a vat reclaim on this - concrete, materials, labour?

yes

3 the square

Injuryprone wrote: »

Had one before, wasn't accepted

Did u just forget about it then? Guy I got the photo copy invoice from said to put a note in saying u lost original and all should be ok .

orm0nd

3 the square wrote: »

Did u just forget about it then? Guy I got the photo copy invoice from said to put a note in saying u lost original and all should be ok .

they were fairly strict on it, had to be the original

anfieldrd

3 the square wrote: »

Any one have experience with claiming back vat with a phone copy of an invoice as the original invoice is lost ??

Reclaimed some recently, had a mixture of original, photocopied and re printed invoices.

No issue with any of them.

3 the square

anfieldrd wrote: »

Reclaimed some recently, had a mixture of original, photocopied and re printed invoices.

No issue with any of them.

Is it a case of who get to prossess ur paper work in the revenue office as to the out come
U can be lucky or unlucky I guess.

Dozer1

Can you reclaim VAT on hedging planted under GLAS? just doing the VAT claim for this year and saw hedgerows mentioned on the Dept site.
I planted the hedge inside a boundary ditch that was gone very bare so not exactly a new hedge.

Farmers who are not registered for Value-Added Tax (VAT) may reclaim VAT paid by them in relation to the construction, extension, alteration or reconstruction of:

farm buildings and structures
land drainage
land reclamation
hedgerows
underpasses.

lakill Farm

you can, but if it came from a certain supplier and agri consultant in west of Ireland currently under investigation it might be as well not reclaim it .

Dozer1 wrote: »

Can you reclaim VAT on hedging planted under GLAS? just doing the VAT claim for this year and saw hedgerows mentioned on the Dept site.
I planted the hedge inside a boundary ditch that was gone very bare so not exactly a new hedge.

Farmers who are not registered for Value-Added Tax (VAT) may reclaim VAT paid by them in relation to the construction, extension, alteration or reconstruction of:

farm buildings and structures
land drainage
land reclamation
hedgerows
underpasses.

Muckit

Is it just the VAT on materials (23% ) you can claim back or can u claim for hired labour ? (13%)

Like if l get a contractor to do fencing for example? What VAT can be reclaimed?

Dozer1

thanks Lakill bought them from this crowd in the midlands so I'll lash it in.
http://www.irishshamrocktrees.com/

hadn't heard of what is happening the crowd in the West

lakill Farm

Muckit wrote: »

Is it just the VAT on materials (23% ) you can claim back or can u claim for hired labour ? (13%)

Like if l get a contractor to do fencing for example? What VAT can be reclaimed?

both

staples7

lads quick question if for example the Concreate is going though a builder for a new TAMs approved parlour. Is there any issue with claiming VAT \ tams via the the builder invoice to us? Obviously we will have the Concreate cert for TAMS purposes.

I had been under the impression that we would have got separate invoice for Concreate but builder says it’s going through him

thanks

whelan2

I used builders invoice to reclaim vat no problem