Finance Act, 1993

Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.

89.—Section 12A (inserted by the Act of 1978) of the Principal Act is hereby amended—

(a) in subsection (1) by the substitution of “2.5 per cent.” for “2.7 per cent.” (inserted by the Act of 1992), and

(b) by the substitution of the following subsection for subsection (2):

“(2) In this Act ‘flat-rate farmer’ means—

(a) a farmer who is not a taxable person,

(b) a farmer who is a taxable person referred to in subsection (1A) (c) or (2) (b) of section 8, or

(c) a person who, in accordance with section 8 (3A), is deemed not to be a taxable person in relation to the supplies specified in the definition of ‘farmer’ in section 8 (9).”.