Brendan Griffin
Question:70. Deputy Brendan Griffin asked the Minister for Finance if he will introduce of a tax free allowance for fishermen, similar to the seafarer's allowance; and if he will make a statement on the matter. [3550/16]
View answerThursday, 28 January 2016
Questions (70)
Written answers
In Budget 2014 I announced that in conjunction with the Marine Co-ordination Group, a review of the financial and taxation supports available to the Marine Sector would be carried out to examine strategic measures that could be introduced to help Ireland as an island nation to fulfil its potential in the marine area.
Phase 1 of this review involved an examination of the taxation supports available for certain sub sectors of marine, namely fishing, ports and shipping. The overall objective of this review was to ensure that there is a supportive financial environment underpinning the marine sector. Following a tender process, Indecon International Economic Consultants were engaged to carry out the review under the aegis of a steering group comprising of representatives from the Department of Agriculture, Food and the Marine, the Department of Tourism, Transport and Sport, the Department of Jobs, Enterprise and Innovation and the Department of Finance.
This review was published on Budget day, last October, and my officials are working with the relevant departments to consider options arising from the Marine Tax Review. One of the options which is being considered is a tax relief for fishermen similar to the seafarer's allowance. The outcome of this work is expected to be discussed in advance of the Finance Bill later this year, and will be a matter for consideration by the next Government.