Dáil Éireann Debate, Thursday - 16 July 2015
189. Deputy Sean Fleming asked the Minister for Finance if he will provide details of the handling by the Revenue Commissioners of super levy fines imposed on farmers in 2015; if these fines can be set-off against the farmers' income in their accounts this year; and if he will make a statement on the matter. [29905/15]
View answerI am advised by the Revenue Commissioners that payments made by dairy farmers in respect of milk quota super levy (under SI 227 of 2008, as amended and Council Regulation EC 1234/2007, as amended) are classified as an expense of the trade. As such, the super levy is tax deductible in the year in which the expense is recognised in the farmer's accounts.
