Farmer’s Flat Rate Scheme
- The Farmer’s flat-rate addition for 2027 will be 4.8%, up from 4.5% in 2026. Flat-rate farmers are entitled to receive an amount known as the flat-rate addition on their supply of agricultural produce and services. This compensates farmers who opt not to register for VAT they incur on farming costs.
Accelerated Wear and Tear Allowance for Farm Safety Equipment
- The accelerated Wear and Tear Allowance for Farm Safety Equipment is being extended until 31 December 2029.
VAT on respiratory vaccines for livestock
- The VAT rate on respiratory vaccines for livestock is being reduced from 23 per cent to 9 per cent.
Succession Farm Partnerships
- The 3-year holding period for applications made from 1 January 2027 onwards is being removed.
- The tax credit is being increased from €5,000 to €10,000 for all Succession Farm Partnerships registered from 1 January 2027.
