Your chance to star on a new TV show
Would you like to appear in an exciting new Irish TV show? Animo TV Productions would love to speak to you.
Animo TV Productions are seeking Irish farmers who are emigrating in spring 2004 to appear in a TV documentary.
Whatever you’re planning, Animo TV Productions would like to hear your story. Please call Helen on 01 6174714.
Macra welcomes establishment of VAT refund working group: Frank O’Mahony, vice chairman of Macra’s Agricultural affairs committee, has welcomed the decision from the Department of Finance to establish a working group to examine the methodology used in establishing the VAT refund rate for non-registered farmers.
The scheme, which is open to non-registered VAT farmers, is designed as a revenue neutral exercise to offset VAT that is paid on certain farm inputs against VAT which is not claimable on sales.
Mr O’Mahony said the decision to review the VAT refund scheme was secured in the Sustaining Progress deal in light of the changes that have occurred in farming since the last review in 1988.
“Falling product prices along with a greater percentage of farmer income coming from direct payments means that there is a reduced base of farm sales that is eligible for the VAT refund. The recent increase in the VAT rate from 12.5% to 13.5 % has also increased the VAT charges to farmers,” said Mr O’Mahony
