Agricultural flat rate scheme (AFRS) ― joining, leaving and rejoining

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note covers how to join, leave and rejoin the agricultural flat rate scheme (AFRS). The scheme is sometimes also referred to as the famers’ flat rate scheme and the flat rate scheme for farmers.

For an overview of the AFRS more broadly, see the Agricultural flat rate scheme (AFRS) ― overview guidance note.

For the eligibility requirements that must be satisfied for a farmer to join (and remain within) the AFRS, see the Agricultural flat rate scheme (AFRS) ― eligibility guidance note.

For in-depth commentary on the legislation and case law relating to joining the AFRS and cancellation of AFRS certificates, see De Voil Indirect Tax Service V2.192 and V2.196.

Joining the AFRS

Application process

Before applying to join the scheme, a farmer must ensure that their business meets the eligibility criteria set out in Agricultural flat rate scheme (AFRS) ― eligibility.

An application is made using form VAT98.

If the business is not VAT registered at the time of application, it must also complete and

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL

Popular Articles

Trusts and Inheritance Tax

Gifts with reservation ― overview

Gifts with reservation ― overviewIntroductionA gift with reservation (GWR) arises when an individual ostensibly makes a gift of his property to another person but retains for himself some or all of the benefit of owning the property. The legislation defines a gift with reservation with reference to

14 Jul 2020 11:48 | Produced by Tolley Read more

Value Added Tax

Exemption ― overview ― items exempt from VAT in the UK

Exemption ― overview ― items exempt from VAT in the UKVAT exemption: list of supplies exempt from UK VATThe goods or services that are exempt from VAT are listed under various group headings within VATA 1994, Sch 9, Pt II.It is important to remember that not all supplies that come within a heading

14 Jul 2020 12:45 | Produced by Tolley Read more

Corporation Tax

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more

UU��ֱ��