Fianna Fáil TD and Chairperson of the Oireachtas Agriculture Committee, Jackie Cahill is to raise the issue of VAT rebates for farmers who are not registered for VAT at this evening’s Fianna Fáil Parliamentary Party meeting.
Deputy Cahill is calling on the Finance Minister to amend the relevant legislation governing VAT rebates that would see the Revenue Commissioners being clearly directed to follow the long-standing interpretation of the rebates system.
In recent months the Revenue Commissioners have changed the list of items on which the rebate can be claimed in respect of interpreting expenditure to be of a capital or current nature or if items are movable or fixed in place.
“Deputy Cahill says Revenue implemented a change last year without any direction by either Government or Parliament. Deputy Cahill says Revenue does not have the power to implement such a change especially as is impacting on farmers’ incomes.