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Registering for VAT

  • 05-02-2018 10:40am
    #1
    Sheep101
    Registered Users, Registered Users 2 Posts: 13 ✭


    Hi everyone.

    Just wondering is it worth registering for VAT (small part time farmer) around 70 sheep but expanding. Is it worth it? How will it benefit/hinder? Also does registering for VAT affect the tax being paid on wages off the farm.

    Thank you.


Comments

  • #2
    lab man
    Registered Users, Registered Users 2 Posts: 1,837 ✭✭✭lab man


    sligojoek wrote:
    …Also on the show is 12 year old Allie Sherlock from Cork who will chat to Ray about how she has gone from busking to breaking America! She became the toast of LA this week when she received a standing ovation on The Ellen Show.


    Stay as far away as possible from it


  • #3
    wrangler
    Registered Users, Registered Users 2 Posts: 11,335 ✭✭✭✭wrangler


    Sheep101 wrote: »
    Hi everyone.

    Just wondering is it worth registering for VAT (small part time farmer) around 70 sheep but expanding. Is it worth it? How will it benefit/hinder? Also does registering for VAT affect the tax being paid on wages off the farm.

    Thank you.

    Unless you're going to be buying a lot of machinery don't register, you get vat on sheep sales , if you build farm buildings or fencing you can get the vat back and there's no VAT on animal feed.


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