Getting vat back

Henwin

How does one go about claiming vat from farm products. In the past we have given all receipts to our accountants but they fail to claim any for us. I looked up the revenue website but don't know where to start. Anyone any idea how I upload receipts and claim vat. Thanks

jaymla627

Henwin wrote: »

How does one go about claiming vat from farm products. In the past we have given all receipts to our accountants but they fail to claim any for us. I looked up the revenue website but don't know where to start. Anyone any idea how I upload receipts and claim vat. Thanks

You need to register for revenue website first off, then its simply a case of doing their online application forms for vat on uploading your receipts as proof, you cant claim for two different years on same application so when doing claims just sort out your 18/19/20 vat invoices into each specific year and upload

mythos110

I would also say that its up to you to highlight the items that you intend claiming vat back on. The accountant will not typically do this off their own back. Not all farm receipts are eligible for a vat reclaim.

Jb1989

mythos110 wrote: »

I would also say that its up to you to highlight the items that you intend claiming vat back on. The accountant will not typically do this off their own back. Not all farm receipts are eligible for a vat reclaim.

And I think, some vat receipts, can't have the vat claimed as the full price was used to reduce tax in that year of returns. So claiming the vat could get you in trouble in light of an audit.

john mayo 10

If claiming back each year separately ie 18,19,20
Surely the 125 euros minimum payment would be over the 3 years altogether?

valtra2

Can you claim twice on the one year. Eg for 2020 claim in June for the first few months and then claim again in December for the rest of the year

finbarrk

I would have thought that your accountant would have been doing that for you anyway.

arctictree

As far as I understand it, you cant claim the VAT back on general day to day stuff (like feed, tools etc) as unregistered farmers don't charge VAT on stock sales.

You can claim VAT back for special types of large items like new fencing, new sheds via the VAT 58 form : https://www.revenue.ie/en/vat/repayments-to-unregistered-persons/farmers-fisherman/how-to-reclaim-vat-on-farm-buildings.aspx

Donald Trump

arctictree wrote: »

As far as I understand it, you cant claim the VAT back on general day to day stuff (like feed, tools etc) as unregistered farmers don't charge VAT on stock sales.

You can claim VAT back for special types of large items like new fencing, new sheds via the VAT 58 form : https://www.revenue.ie/en/vat/repayments-to-unregistered-persons/farmers-fisherman/how-to-reclaim-vat-on-farm-buildings.aspx

I always understood it as if it is fixed in place, then you can probably claim VAT back on it.


Shed - yes
Concrete - yes
Fencing posts/gates/etc - actually yes .... but there are annual overall minimums for your claim

Fixed slurry pump/agitator - yes
mobile slurry pump/agitator - no

orm0nd

Jb1989 wrote: »

And I think, some vat receipts, can't have the vat claimed as the full price was used to reduce tax in that year of returns. So claiming the vat could get you in trouble in light of an audit.

afaik unregistered farmers are only supposed to claim on capital expenditure and the balance nett of vat written off as capital allowances

this was the rule, unless it changed in last few years, although I know a lot of people don't stick to it.

Stihl waters

Change your accountant if they're not performing this simple task for you, unless he's a wizard at keeping your tax bill down I'd be wondering why he's not doing it

Are you registered for vat?

john mayo 10

Can you claim back for staples, wire strainers, electric fence tape, battery and plastic posts when claiming vat for unregistered farmers?

blue5000

john mayo 10 wrote: »

Can you claim back for staples, wire strainers, electric fence tape, battery and plastic posts when claiming vat for unregistered farmers?

Only for permanent fencing, fence tape might not qualify unless it's for gateways.

Donald Trump

You need to be above the minimum size for the claim.

And I also think then the item is not an expense but a capital item that has to be written off as one rather than in a single year.

john mayo 10

I put up a lean2 shed last year. I know I can include all the steel, timber, cladding, blocks, sand etc but can I include nuts and bolts?

Stationmaster

john mayo 10 wrote: »

I put up a lean2 shed last year. I know I can include all the steel, timber, cladding, blocks, sand etc but can I include nuts and bolts?

Yes, once they were for the shed. As someone else said, the nett figure then is used for your capital allowance computation and can't be written off in full as an expenses that year.

3 the square

Can you claim back unregistered vat on permanent plastic diesel storage tank only used for tractor diesel ?? Revenue say no but I could resubmit

kk.man

https://www.boards.ie/discussion/comment/119391673#Comment_119391673

If they say no...it means no. It's not covered under the usual headings either.

3 the square

https://www.boards.ie/discussion/comment/119393280#Comment_119393280

Not true I was unsuccessful in claiming vat on a permanent slurry stirrer on slurry storage tank I resubmitted it with a photo and they sent me on my few bob

kk.man

I have no doubt they make mistakes. But in this case you have a diesel tank which is not a permanent structure which is used to store agri fuel and you want to claim back on it?

It's not a hydraulic water fitting, a livestock house fitting, concrete, steel. It's also not used for a livestock shed, improving farm land or roadways. I just don't get it?

3 the square

https://www.boards.ie/discussion/comment/119394141#Comment_119394141

If itwas used near miking palour for supplying a new hot water dairy geyser would that do ?

kk.man

https://www.boards.ie/discussion/comment/119394223#Comment_119394223

If you bought specific hot water dairy geyser then I would say yes.