Farm Ireland
Independent.ie

Tuesday 21 November 2017

First tranche of annual tax-free forestry payments commence for 2017

Ciaran Moran

Ciaran Moran

The first tranche of annual tax-free forestry premium payments for 2017 have commenced.

The payments are currently being issued to those forest owners who applied on-line through the Department’s online services portal www.agfood.ie.

The Minister of State at the Department of Agriculture, Food and the Marine with Special Responsibility for Forestry, Andrew Doyle said “A total of €26.80m is being paid in this bulk payment run in respect of some 6,900 forest premium applications”.

The Department will continue to process on-line applications for 2017 forest premiums as they are received, with payments being issued on a weekly basis. 

“I would encourage forest owners to avail of the on-line facility because of the obvious benefits for them in terms of early premium payment,” the Minister said.

Forest owners may continue to apply for the payment of the annual premium online, through the Department’s Online Services (www.agfood.ie),

For applicants who use the paper based application system, a further bulk premium payment run will be made in April 2017.  Application forms for the paper based system will issue in February 2017.

Minister Doyle added “A total of €111.6m (including a capital carryover) has been provided by the Government for the continued development of Ireland’s forestry sector in 2017.  This level of funding is further evidence of the Government’s ongoing commitment to the sector as set out in the Forestry Programme 2014 – 2020. “

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The grants available under the Afforestation Grant and Premium Scheme cover the cost of establishing the forest plantation and the Scheme also provides for payment of annual forestry premium of up to €635 per hectare for 15 years, details of which, including associated terms and conditions, are available on the Forestry page of the Department’s website http://www.agriculture.gov.ie/forestservice/

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