Finance Committee to discuss large tax bills received by Kerry Co-op shareholders

6th December 2016

Committee Chairman, John McGuinness TD, said, “Hundreds of Kerry Co-op members have received Revenue letters with tax bills ranging from €5,000 to €50,000. The issue is of great concern to farmers in Kerry who have been told by the Revenue that they are liable for income tax on the value of their shares in the co-op.”

“Farmers feel that they have been blindsided by these letters and the Finance Committee wishes to discuss the issue in Kerry Co-op, as well as the possible implications for other co-ops that operate patronage share schemes.”

The meeting will commence at 2pm in Committee Room 4, Leinster House.

Committee proceedings can be viewed live here.

Committee proceedings can also be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.

ENDS/