What is a VAT 58?

What is a VAT 58?

Revenue provide a Form VAT 58 – Claim by Unregistered Farmer for Refund of Value-Added Tax (VAT) under the Value Added Tax (Refund of Tax) (Flat Rate Farmers) Order 2012. VAT is not refundable on: repairs to farm buildings, structures and farm roadways. outlay on roadways to dwelling house.

How do I claim VAT 58?

As such the vast majority of farmers will now have three main choices as to how to filed their VAT 58 form, they can register online for “myAccount”, register as a ROS user (Revenue Online Services) or alternatively request their Agent (accountant/tax consultant) to file the VAT 58 return on their behalf.

How do I claim VAT back online?

The trader or their agent can claim the VAT back by submitting a claim via Revenue Online Service (ROS) under Electronic VAT Refund (EVR). Before submitting claims, please know what language the MS of refund requests the claim to be made in. Also check what time periods you can submit a claim for.

Can I claim VAT back on a tractor?

Commercial vehicles You can usually reclaim the VAT for buying a commercial vehicle (like a van, lorry or tractor) if you only use it for business. If they’re used only for business, you can also reclaim VAT on: motorcycles.

Can I claim VAT back on a shed?

If you buy a timber building, such as a large shed, to use as an office, it counts as goods and you can claim the VAT. However, if you pay someone to construct it and fit it out with utilities, that’s a service and cannot be claimed. If this applies to you, make sure all the supplier’s invoices are clearly itemised.

Do I get VAT back on materials?

You can usually reclaim the VAT paid on goods and services purchased for use in your business. If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT .

Can you claim VAT back on a shed?

VAT incurred on the cost of the structure itself or any furnishings or furniture can be reclaimed if it is solely used for business, and VAT can also be reclaimed on the ongoing running costs. You must ensure there is a VAT invoice addressed to the business to support any claim, as per the usual VAT rules.