Financial Resolution No. 4: Value Added Tax

(1) THAT the rate of the flat-rate addition to the consideration in respect of the supply of agricultural produce or an agricultural service by a flat-rate farmer be decreased from 5.2 per cent to 4.8 per cent, and that, accordingly, the Value-Added Tax Consolidation Act 2010 (No. 31 of 2010) be amended in subsection (1) of section 86 by substituting “4.8 per cent” for “5.2 per cent”.
(2) THAT this Resolution shall have effect as on and from 1 January 2013.
(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).