Scrap Metal Price

Bald n Grumpy

Member
Livestock Farmer
What is the situation regards vat on scrap payments
If it's farm waste and your vat registered then you charge vat, if it's an old car that's your personal property then no. Alternatively you do like a lot and put it through your other half's bank account ,good idea to occasionally do a load with VAT in case you get an inspection from vat or tax
 

Kidds

Member
Horticulture
Thanks for the replies I have quite a bit to take in just want to be sure where I am with vat
Cheers
Just tell the scrapyard there is VAT to pay on it. You give them a VAT invoice, they pay you scrap price plus VAT and then they claim the VAT back.
All very simple and straight forward. The VAT you collect goes in your accounts and dealt with when you do your returns.
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 77 43.5%
  • Up to 25%

    Votes: 62 35.0%
  • 25-50%

    Votes: 28 15.8%
  • 50-75%

    Votes: 3 1.7%
  • 75-100%

    Votes: 3 1.7%
  • 100% I’ve had enough of farming!

    Votes: 4 2.3%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,286
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
Top