Flat-rate Vat removal to cost average broiler farm €12,000 a year
The scheme is provided for under EU legislation. However, a key element is that it should not lead to farmers being overcompensated for Vat incurred by them on their business costs.
Removal of flat-rate Vat may cost the average poultry broiler farmer more than €12,000 per year.
The Revenue Commissioners have said overcompensation of all flat-rate farmers involved in chicken production amounted to about €7 million in 2017. Revenue considers that the yearly overcompensation is approximate to the level identified in 2017, and it continued since then.
