Value-Added Tax Consolidation Act 2010

86.

Special provisions for tax invoiced by flat-rate farmers.

[VATA ss. 12A and 35(3)]

86.— F179[(1) Subject to section 68(1) and (6) and subsection (1A), where a flat-rate farmer supplies agricultural produce or an agricultural service to a person, the farmer shall issue to the person an invoice indicating the consideration (exclusive of the flat-rate addition) in respect of the supply and an amount (in this Act referred to as a "flat-rate addition") equal to F180[5.5 per cent] of that consideration (exclusive of the flat-rate addition).

(1A) Where section 68(6) applies, the issue of an invoice by a flat-rate farmer shall only apply in respect of agricultural produce or an agricultural service of a kind not specified in an order made by the Minister under section 86A.]

(2) Where, in relation to a supply of agricultural produce or an agricultural service by a flat-rate farmer, the farmer issues an invoice in which the flat-rate addition is stated separately, that addition is recoverable by the farmer as part of the consideration for the F181[transaction other than where an order has been made by the Minister under section 86A relating to such supply of produce or service.]

Annotations

Amendments:

F179

Substituted and inserted (1.01.2017) by Finance Act 2016 (18/2016), s. 47(1)(b)(i), commenced as per s. (2).

F180

Substituted (1.01.2022) by Finance Act 2021 (45/2021), s. 54, in effect as per s. 54.

F181

Substituted (1.01.2017) by Finance Act 2016 (18/2016), s. 47(1)(b)(ii), commenced as per subs. (2).

Editorial Notes:

E45

Previous affecting provision: subs. (1) amended (1.01.2021) Finance Act 2020 (26/2020), s. 40, commenced as per s. 40; substituted as per F-note above.

E46

Previous affecting provision: subs. (1) amended (1.01.2015) by Finance Act 2014 (37/2014), s. 67, commenced as per s. 67; substituted as per F-note above.

E47

Previous affecting provision: subs. (1) amended (1.01.2014) by Finance Act (No. 2) Act 2013 (41/2013), s. 64; superseded as per E-note above.

E48

Previous affecting provision: subs. (1) amended (1.01.2013) by Finance Act 2013 (8/2013), s. 73; superseded as per E-note above.