Dáil Éireann Debate, Tuesday - 28 February 2006
218 Mr. Kehoe asked the Minister for Finance if the income from the compensation payments being awarded to farmers in respect of them being unable to grow beet will be taxed in the year it is received or spread over a number of years; and if he will make a statement on the matter. [8176/06]
Amharc ar fhreagraAs the details of any compensation package have not yet been finalised for those farmers who have grown beet in the past, in respect of the cessation of this activity it is not possible at this stage to give a definitive view of the matter. This position is being kept under ongoing review and, as soon as the matter is finalised, Revenue will issue a statement about the tax treatment of any compensation payments.
