Written answers
Tuesday, 27 November 2007
Department of Agriculture and Food
Sugar Beet Industry
8:00 pm
Tom Sheahan (Kerry South, Fine Gael)
Link to this: Individually | In context
Question 442: To ask the Minister for Agriculture, Fisheries and Food the amount of compensation awarded to Greencore following the closure of the sugar industry here; the tax treatment of same; and if she will make a statement on the matter. [30908/07]
Mary Coughlan (Donegal South West, Fianna Fail)
Link to this: Individually | In context
Under the Government's decision of July 2006 concerning the implementation of the EU restructuring aid for the sugar industry, Greencore would have received €98.4m of the total amount of €145.5m available to Irish beneficiaries. However, that decision was quashed by the High Court in June 2007 so the final allocation to Greencore has not yet been determined. The relevant EU regulations provided for the payment of the first instalment amounting to 40% in June 2007. Of this, Greencore was paid €43.64m approximately. The tax treatment of this aid is a matter for the Revenue Commissioners.
No comments