Industry sector:

Poultry farm: VAT repayments


If you will be registered for VAT then VAT repayments may be made to you if you pay out more in VAT on your purchases than you charge on your sales.

This may happen because most of the produce from a poultry farm would be zero rated for VAT purposes and therefore you may often pay out more in VAT on your purchases than you receive in VAT on your sales.

You complete a VAT Return every quarter, setting the VAT you have had to pay against the VAT owed to HM Revenue & Customs (HMRC). If a repayment is due to you it will normally be paid direct into your business bank account a month or so after you have submitted the Return claiming it.

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