Monthly Archives: June 2015

CLARIFICATION PROVIDED ON TAXATION OF BASIC PAYMENT AND MILK QUOTA By Declan McEvoy, Head of Tax, National Tax Department, IFAC Accountants

IFA has received clarification from the Department of Agriculture on a number of taxation issues of particular relevance to farming in 2015.

IFA Farm Business Chairman, Tom Doyle, said, “In 2015, we have a new Basic Payment system and the abolition of milk quotas. Both of these changes to agricultural policy have taxation implications. IFA had identified the importance of getting clarification early in 2015 …

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