The Irish Farmers Journal is a legitimate business expense directly related to the running of your farm business. This means that farmers can claim back up to 50%* of the price paid for their newspaper or digital subscription as a tax deductible business expense**.
How to make a claim
1 Ideally place the Irish Farmers Journal on order with your local newsagent to ensure that you receive a weekly copy. If you purchase your copy from a local agri store it may be worth adding the Irish Farmers Journal to your business account.
2 Request a receipt from your local newsagent on a weekly or annual basis. If you are a digital subscriber, you will automatically receive a VAT receipt on subscribing.
3 Keep all your receipts in a safe place.
4 Provide your accountant with all your receipts. They will then determine how much savings apply to you.
5 You can also claim back tax refunds for the last four years if you have your receipts. If you are a digital subscriber, we will be more than happy to help you with backdated receipts by calling us on 01-419 9525 or 01-419 9505.
*Approximate marginal rate of tax
**Farmers need to speak to their accountant to determine how the above savings can apply to them.