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Henry Walsh: Revenue defeated in Kerry patronage shares test case

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Henry Walsh on his farm. Photo: Hany Marzouk

Henry Walsh on his farm. Photo: Hany Marzouk

Henry Walsh received an income tax demand in 2016 and has now resolved the matter in the courts

Henry Walsh received an income tax demand in 2016 and has now resolved the matter in the courts

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Henry Walsh on his farm. Photo: Hany Marzouk

In December 2016, having received an income tax demand from the Revenue in relation to patronage shares purchased in 2011, I wrote in the Farming Independent that I felt Revenue needed to be challenged on the demand but that no one individual farmer was in a position to take them on.

It subsequently became clear that of the 3,500 milk suppliers to Kerry Co-op, 400 received the demands, and I was one of them. Following a number of very emotive milk supplier meetings where accounting and legal experts addressed us, it became clear that Revenue intended to issue demands to all 3,500 milk suppliers and in due course would be issuing demands for the following years, 2012 and 2013, also.


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