Revenue to issue new guidance on reclaiming Vat for unregistered farmers, says ICMSA
“Revenue Commissioners confirmed that Vat can be reclaimed on silage barriers, water troughs that have been plumbed, cubicle mats that are bolted to the floor, meal bins above a specified size, in-parlour feeding systems, bulk tanks and milking machines where they are part of a construction or renovation project of a specific shed."
Revenue will issue a revised guidance document next month that they hope will clarify matters related to reclaiming Vat on certain items by unregistered farmers, the ICMSA has said.
The association said it has been inundated with calls from "very concerned" members who had invested on their farms on the basis that Vat would be reclaimable on certain items, only to find themselves being told that that was not the case.
