Some other items can have both standard rated and zero rated treatment depending on how the item is treated e.g. bedding straw is standard rated and feed straw is zero rated. There are numerous other supplies where the rate of VAT to be charged needs to be considered.
Is there VAT on animal bedding?
Animal feeds are zero rated, bedding isn’t. You can zero-rate most food that is to be fed to animals (including birds, fish, etc) except for canned, packaged or prepared pet food, packaged food for wild birds, and biscuits and meal for cats and dogs.
Is there VAT on cattle feed?
Food and drink, animals, animal feed, plants and seeds
Food and drink for human consumption is usually zero-rated but some items are always standard-rated.
Is VAT payable on silage?
Most silage enhancers, including all bacterial products, are not classed as feeding stuffs for VAT purposes, as they are not themselves fed to the animal, either straight or as an ingredient in a feed. … The liability of silage products depends on their primary use, and whether they can be fed direct to animals or not.
Is there VAT on standing grass?
Most grass seed is zero-rated because of the extensive use of grass as animal feed. This includes supplies to and by garden centres, local authorities and grass seed to be grown on set aside land. … For supplies of hay, straw and grazing rights see Animals and animal food (VAT Notice 701/15).
Is there VAT on animal medicines?
If an animal feed product makes medicinal claims, it is only a medicine for the purposes of VAT if it has the above marketing authorisation. VMD guidance views such products as medicinal by function or medicinal by presentation; but a product is not legally a medicine unless it has that authorisation.
Is food VAT exempt?
Most food is VAT-free but you do pay VAT on some food. Some items for human consumption are standard-rated. This includes catering, alcoholic drinks, confectionery, crisps and savoury snacks, hot food, sports drinks, hot takeaways, ice cream, soft drinks and mineral water.
What food items are VAT exempt?
You can zero rate all supplies of unprocessed foodstuffs such as:
- raw meat and fish.
- vegetables and fruit.
- cereals, nuts and pulses.
- culinary herbs.
Can a farmer claim VAT back on a tractor?
Farmers who are not registered for value-added tax can reclaim VAT paid on farm buildings and structures, land reclamation and qualifying equipment. … This VAT is not automatically redeemed as part of the process of filing end-of-year tax returns and, as such, an application needs to be submitted to Revenue.
Are farmers VAT registered?
Farmers generally produce food items which are ‘zero rated’ i.e. VAT is not charged on them, however they are still entitled to reclaim VAT on the cost of pro- ducing those goods. Farmers are often ‘net reclaimers’ of VAT, this means that they claim back more VAT from HMRC than they pay.
Does fertilizer have VAT?
The law states that seeds or other means of propagation of plants comprised of food of a kind used for human consumption or animal feeding stuffs is zero-rated for VAT, so no VAT is charged.
What percentage is VAT?
The standard rate of VAT increased to 20% on 4 January 2011 (from 17.5%). Some things are exempt from VAT , such as postage stamps, financial and property transactions. The VAT rate businesses charge depends on their goods and services. Check the rates of VAT on different goods and services.
Do you pay VAT on gardening?
All the large gardening and landscape gardening businesses and other companies in the UK will all be paying VAT, but as it works on the basis of how much your turnover each year is, you may not yet be eligible for VAT. … If you don’t do so, you could end up having to pay late registration penalties.
Can you claim VAT back on flowers?
The goods supplied by your business will be taxable for VAT purposes at either the standard or the zero rate. You must register for VAT once your sales have reached the current VAT threshold. You will be able to reclaim any VAT you pay on purchases – this is known as ‘input tax’. …