I propose to answer Questions Nos. 415 and 416 together.
It is presumed that the reference to 40 acres should be to £40 PLV, as the Revenue Commissioners, in issuing farm profile forms, do so by reference to rateable valuation levels and not on an acreage basis. Issues of these forms followed the enactment of the Finance Act, 1983, which removed the exemption which hitherto applied in the case of full time farmers with valuations below £40 PLV. Farmers brought into charge as a result of the provisions of the Finance Act, 1983, are treated as carrying on a trade the profits of which are chargeable to tax under Case I of Schedule D.
In general, profile forms issued to date have been to full time farmers in the valuation range £30 to £40 PLV and the statistics of profile forms issued show that the numbers which have been issued for the west of Ireland region are substantially less than the average applicable to the country as a whole.
The announcement in the national plan of a new system of farmer taxation based on adjusted acreage from 1986 does not relieve farmers of the responsibility to return profile forms in the interim if so requested by the Revenue Commissioners, since no farmers will be removed from the income tax system before the beginning of the 1986-87 tax year.