Dáil Éireann Debate, Tuesday - 26 September 2017
438. Deputy Charlie McConalogue asked the Minister for Agriculture, Food and the Marine his views on introducing a proposal by an organisation (details supplied); if he has discussed the proposal with the Minister for Finance. [40470/17]
Amharc ar fhreagraThe pre-budget submission referred to relates mainly to a proposal to address farm income volatility through an income stabilisation measure.
Currently, income volatility for farmers is addressed in the income tax system through “income averaging”. There have been a number of changes made to improve that system in recent years including an adjustment last year, allowing for an opt-out in an exceptional year e.g. in a year of lower commodity prices when cashflow is reduced.
In relation to new proposals in this regard, I make an annual submission to the Minister for Finance on taxation matters relating to agriculture. The views of all stakeholders who engage with me and my Department inform that submission.
