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


You need an accountant who knows farmers and the business of farming. Ifac is a co-op and they know farming and farm tax, they are experts and I recommend them.

Teddy Cashman Dairy Farmer, ifac Board Member

I was of the opinion that I had a good tax advisor prior to moving to ifac. Ifac’s service goes beyond the traditional tax accountant. Their service matches my plans for the future of my farm with top class tax planning.

Larry Martin Dairy Farmer

I listen to farmers expressing concern about the service they are getting from their accountant. I tell them to join ifac as I am very happy with the service I am getting.

Pat Murphy Dairy & Beef Farmer

Getting the benefit of all the ifac specialists with one point of contact has been great for us. We're a growing business so having a partner who brings an external perspective is highly valuable.

Padraig Hennessy Co-Founder, Terra Liquid Minerals

Young farmers need expert specialist advice, they need to be with an accountant who knows farming and farm income and transfer taxes. Ifac fits the bill for me and I strongly recommend them to other young farmers.

Colm & Judy Diggins

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.