Value-Added Tax Consolidation Act 2010

86.

Special provisions for tax invoiced by flat-rate farmers.

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

86.— F154 [ (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 5.4 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 F155 [ 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:

F154

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

F155

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

Editorial Notes:

E32

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.

E33

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 (1) amended (1.01.2014) by Finance Act (No. 2) Act 2013 (41/2013), s. 64; superseded as per E-note above.

E34

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 (1) amended (1.01.2013) by Finance Act 2013 (8/2013), s. 73; superseded as per E-note above.