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 ~~^[7]>5.4 per cent^<[7]^[8]>^[7]>5.6 per cent^<[7]^<[8]^[9]>^[8]>5.5 per cent^<[8]^<[9]~~^[9]>5 per cent^<[9] 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]