Farmers call for Vat rate change in budget that could save them up to €10m annually
The Department of Agriculture has previously committed to reducing the rate to 0% in 2025 from the current rate of 23% based on the facilitation provided in the EU Vat Directive, the IFA said.
Farmers are calling for the rate of Vat charged on important products to be reduced as a move that could save them up to €10m annually.
The Irish Farmers' Association's animal health chairman TJ Maher said that the rate of Vat charged on animal vaccines is a decision for Government in the upcoming budget - as the EU Vat Directive allows for member states to reduce the rate on these products to 0%.
