Farmers in Ireland receive a range of payments from the Department of Agriculture, Food and the Marine (DAFM), including EU Common Agricultural Policy (CAP) payments such as the Single Farm Payment.
The majority of farmers accurately record DAFM payments on their tax returns. However, a minority record their payments incorrectly. This brings them to Revenue’s attention, places an avoidable burden on them and draws Revenue resources away from focusing on non-compliant farmers that compete unfairly against compliant farmers.
Recording of Agricultural Payments ...Continue Reading →