The VAT Margin Scheme has replaced the previous Special VAT Scheme for Second Hand Farm Machinery since January 1st, 2010. Under the Margin Scheme, a dealer can no longer claim an input credit in relation to the residual VAT on the trade in allowance or direct purchase of a second hand machine. Any dealer member of the Association who is still unsure of the operation of the Margin Scheme should contact the FTMTA office for further information. As in all tax matter, the onus is on the tax payer to ensure self compliance with the current legislation.
- Published:
Vat Margin Scheme
Our Blog
Keep up to date with new product developments, dealer appointments and company updates with the latest news articles
The 2022 Farm Tractor and Machinery Trade Association (FTMTA) Machinery Show is gathering momentum,…
The latest figures from the FTMTA point to a buoyant tractor market in Ireland with…
As the trade body for the farm machinery business in Ireland, the Farm Tractor and…
September usually marks a distinct dropping away of tractor sales as the silage season draws…
The Farm Tractor and Machinery Trade Association (FTMTA) has announced that it will stage a…
The tractor registration statistics issued by the Farm Tractor and Machinery Trade Association (FTMTA) are…
The Farm Tractor and Machinery Trade Association (FTMTA) has confirmed the dates for its previously…
The FTMTA (Farm Tractor & Machinery Traders Association) has today confirmed the dates for it’s…
Today the FTMTA announced a two-day static Farm Machinery Show which will be held in…
New Tractor Registrations Up In December The latest figures issued by the Farm Tractor &…
Farm Machinery Industry and Level 5 Restrictions The Farm Tractor & Machinery Trade Association has…
Tractor Registrations Recover During July The latest figures issued by the Farm Tractor &…
New Tractor Registrations Regain Ground in September The latest figures issued by the Farm Tractor…
New FTMTA President Elected At their recent July meeting, the FTMTA Executive Council elected Mr.…
SAVE THE DATE! Irish Farmers Monthly & Farm Tractor and Machinery Trade Association Ltd. (FTMTA)…
New Tractor Registrations Up Slightly in October The latest figures issued by the Farm Tractor…
Continued recovery in tractor registrations in August The latest figures issued by the Farm Tractor…