Farmers will receive tax cuts to help reduce the cost of feeding animals and help them cope with the ongoing fodder crisis under proposals from Fianna Fáil.
The measures would see VAT on plastics and materials used in the production of fodder and silage wiped out for 12 months.
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From an Oracle E-Business Tax (EBtax) perspective if the NEW rate ends up at a reduced rate that is not already defined then a new Status and Rate pair will need to be added along with the mapping to categories to be leveraged inside of Tax Status rules. Clearly, new Tax Condition Sets (TCS’s) would need to be put in place to be used in the Tax Status rule(s).