Value-Added Tax Consolidation Act 2010 (Number 31 of 2010)
PART 10
Special Schemes
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Chapter 1
Special Schemes — Miscellaneous
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86 Special provisions for tax invoiced by flat-rate farmers.
[VATA ss. 12A and 35(3)]
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(1) Where a flat-rate farmer supplies agricultural produce or an agricultural service to a person, the farmer shall, subject to section 68(1), issue to the person an invoice indicating the consideration (exclusive of the flat-rate addition) in respect of the supply and (in this Act referred to as a “flat-rate addition”) equal to [1]>5.2 per cent<[1][2]>[1]>4.8 per cent<[1]<[2][3]>[2]>5 per cent<[2]<[3][3]>5.2 per cent<[3] of that consideration (exclusive of the flat-rate addition).
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(1) Subject to section 68(1) and (6) and subsection (1A), where a flat-rate farmer supplies agricultural produce or an agricultural service to a person, the farmer shall issue to the person an invoice indicating the consideration (exclusive of the flat-rate addition) in respect of the supply and an amount (in this Act referred to as a ‘flat-rate addition’) equal to 5.4 per cent of that consideration (exclusive of the flat-rate addition).
(1A) Where section 68(6) applies, the issue of an invoice by a flat-rate farmer shall only apply in respect of agricultural produce or an agricultural service of a kind not specified in an order made by the Minister under section 86A.
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(2) Where, in relation to a supply of agricultural produce or an agricultural service by a flat-rate farmer, the farmer issues an invoice in which the flat-rate addition is stated separately, that addition is recoverable by the farmer as part of the consideration for the [6]>transaction.<[6][6]>transaction other than where an order has been made by the Minister
under section 86A relating to such supply of produce or service.<[6]
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Inserted by European Union (Value-Added Tax) Regulations 2014 s3(g). Comes into operation on 1 January 2015 as per S.I. No. 340 of 2014.