merrion street

The Minister for Finance Michael Noonan TD, with his colleague the Minister for Agriculture, Food and the Marine, Simon Coveney TD, today announced the commencement of a public consultation process as part of the ‘Agri-taxation Review’ which was announced in Budget 2014.

The Department of Finance regularly reviews major tax expenditures relating to specific sectors. The objective of this review is to identify what works and what doesn’t, and ensure the existing level of tax expenditure leverages maximum benefit to this sector of the economy. Any recommendations will be considered in the context of Budget 2015.

The Ministers are now launching the public consultation aspect of the review and interested parties are invited to make submissions via the following websites: www.finance.gov.ie and www.agriculture.gov.ie. The Review will be overseen by a working group made up of the Department of Finance, the Department of Agriculture, Food and the Marine and the Revenue Commissioners.

The working group may also invite key stakeholders to meet with them, including representative bodies, professionals dealing with the agriculture sector and other interested groups or individuals. As well the public consultation process, it is envisaged that the review will include an independent cost benefit analysis and an international benchmarking exercise.