Phil Hogan
Ceist:72 Mr. Hogan asked the Minister for Finance the amount of VAT paid by farmers for each tax year 1987 to 1992 inclusive.
Written Answers. - VAT Payments by Farmers.
Only farmers who have opted to register for VAT are obliged to account for the tax. Such registered farmers are normally in a net VAT repayment situation, as the VAT incurred by them on their purchases, which is deductible, normally exceeds the VAT payable by them on their sales of goods and services. Details of the amounts payable and deductible and the net repayments for the years 1987 to 1992, are set out in the table below.
Unregistered farmers do not account for VAT. They are compensated for VAT incurred by them on their purchases, by means of the flat-rate system and through repayment by the Revenue Commissioners for VAT incurred on expenditure on building and land improvement.
|
Year |
Payable on Sales |
Deductible on Purchases |
Net repaid |
|
£m |
£m |
£m |
|
|
1987 |
3.7 |
9.0 |
5.3 |
|
1988 |
4.0 |
12.6 |
8.6 |
|
1989 |
5.2 |
16.7 |
11.5 |
|
1990 |
5.8 |
17.0 |
11.2 |
|
1991 |
5.7 |
16.4 |
10.7 |
|
1992 |
6.9 |
17.9 |
11.0 |
Figures for 1992 are provisional.