Charlie McConalogue (Donegal, Fianna Fail) | Oireachtas source

The rising costs have been a genuine issue over recent years. There have been adjustments at different points to change the reference costs for TAMS. Thankfully, over the past few months, we have seen an easing of inflation affecting construction, machinery and materials. There were unprecedented increases in the year to 18 months before that. We continue to monitor this and adjust on a phased basis as we go forward from tranche to tranche.

The Deputy raised the issue of reclaimable VAT for mobile equipment. That is a matter for Revenue to interpret but it is an important issue for farmers making an investment decision. I have made my staff available to Revenue to be helpful in any way we can in providing practical information on this. I accept this is an important issue, but it is outside my remit. It is within the remit of Revenue.

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