Written answers
Thursday, 5 July 2007
Department of Finance
Sugar Beet Industry
5:00 pm
Mary White (Carlow-Kilkenny, Green Party)
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Question 59: To ask the Tánaiste and Minister for Finance if a decision has been made on the tax implications of the diversification aid to former sugar beet growers; and if due consideration has been given to the farmers request for a tax exemption on payments which they are to receive. [19606/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that they have decided that on the basis of all the information now available to them relating to the current proposals for the payment of diversification aid to former sugar beet growers to be drawn down within the framework of the National Restructuring Programme for Ireland, submitted to the EU Commission last December, payments to growers will be subject to income tax.
Any change in the tax status of the diversification aid payments to former sugar beet growers would be a matter for consideration in the context of budgetary policy.
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