VAT Advice
Ifac have a deep understanding of value added tax (VAT) in relation to the farming sector. Whether you are registered or unregistered, VAT is a complex tax that can prove very costly for your business if it is not calculated correctly. Did you know, farmers and farming companies do not have to register for VAT, irrespective of turnover. Farmers are entitled to apply a flat-rate addition of VAT ( 5.4%) to their prices when supplying agricultural produce or services to VAT-registered customers. Flat-rate farmers are also entitled to reclaim VAT on certain capital expenditure.


Our Tax Consultants Can Help

Ifac will work closely with you to identify potential VAT savings, increase efficiencies and reduce your exposure to potential interest and penalties. Our services include:
- Detailed Vat Check
- VAT Compliance
- VAT cash flow management
- Capital expenditure VAT refund
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Contact our team today
We know that when you're in the thick of it it's not always easy to see where you are, how change might affect you, or where you need to go. Contact our team today.