A consultation is now open on the progress that has been made in implementing the recommendations of the Agri-taxation Review 2014 and how the tax system might further address income stability in the primary agriculture sector.

Last year the Government committed to establish an inter-departmental working group to assess the progress made on the implementation of tax measure recommendations contained in the Agri-taxation Review 2014. A review of the tax measures in the agri sector was also committed by the Minister for Finance as part of Budget 2018. This current consultation supports these commitments.

The 2014 review examined agri-taxation measures and recommendations to ensure resources are directed towards activities of maximum benefit to the sector, according to documents from the Department of Finance. The outcome was 25 recommendations, grouped into 6 broad categories: increase the mobility and the productive use of land; assist succession; complement wider agriculture policies and schemes; alternative farming models such as farm partnerships; responses to increasing income volatility, and; general recommendations. Chartered Accountants Ireland, as a member of CCAB-I responded to the Agri-taxation Review 2014.

The current consultation process is open until 25 May 2018. It is intended that the report of the review group will be presented to the Minister for Finance and the Minister for Agriculture, Food and the Marine in summer 2018.

You can read more about the current consultation and the Agri-taxation Review 2014 on the Department of Finance website.