Revenue raise objections on Co-op shares test case
Revenue officials have raised an objection to the farmer involved in the test case for the appeal against tax demands on co-op patronage shares.
Deloitte have sought clarification from the State body on the reasons behind the move.
Farmers have been concerned at being left in a state of 'limbo' after Revenue issued tax demands to 400 Kerry Co-op members and a test case was due to take place urgently.
Farmers at Kerry Co-op's AGM also heard that arbitration over the '13th payment' for the 2015 milk price was ongoing.
Co-op board chairman Mundy Hayes described it as an "embarrassment" and told farmers that the issue needed to be addressed and concluded before Kerry Group plc CEO Stan McCarthy retires later this year.
It is understood no offer has been made under arbitration so far.
Farmers heard Co-op spending stood at €1.5m last year, with €640,000 spent on consultants and financial advice.