Brendan Griffin (Kerry South, Fine Gael)
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66. To ask the Minister for Finance if he will consider making repayments by dairy farmers, in respect of milk quota super levies, tax deductible; if he is aware of the hardship that levies are causing to dairy farmers, and the losses that they represent for rural economies; and if he will make a statement on the matter. [19001/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that payments made by dairy farmers in respect of milk quota super levy (under SI 227 of 2008, as amended and Council Regulation EC 1234/2007, as amended) are an expense of the trade and as such are tax deductible.

In respect of the 2015 super levy, a regulation has been introduced whereby farmers who are facing a super levy liability will be able to pay that levy over a three year period. The terms of the scheme require farmers to repay a minimum of one-third of the payment this year and two thirds by next, with the remainder payable in 2017.

Farmers will be entitled to claim any super levy fines in full as a deduction against farm income in the year in which the expense is recognised in their accounts.