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  • ICMSA say Noonan's 'positivity' undermined by Howlin's 'negativity' | I C M S A
    count unfortunately as a missed opportunity On the positive aspects of Minister Noonan s speech Mr Cahill singled out the reduction in Stamp Duty which described it as an undoubted positive but he noted that the increase in stock relief should apply to all farmers and not just have been confined to partnerships Mr Cahill also said that the changes announced in CAT and CGT taken together with the so called Educational Asset Test announced yesterday signalled a questionable attitude on the part of Government to what Minister Noonan had referred to as wealth but which could more accurately be described as productive assets Mr Cahill was very specific on this point farmland is not wealth but is a productive asset and must be viewed in that different light ICMSA would also be vigilant against any covert restoration of death duties a move that was now much more likely following the reduction in the CAT threshold to 250 000 The ICMSA President also noted that the off setting of carbon tax increase on green diesel through the income tax code would not alleviate the situation for those farmers with no taxable income or indeed those who paid tax at the standard rate and it therefore constituted a breach of the Programme for Government Mr Cahill said that ICMSA will put forward a number of technical solutions designed to rectify that situation Ends 6 December 2011 Jackie Cahill 087 2820663 President ICMSA or Cathal MacCarthy 087 6168758 ICMSA Press Office ICMSA Summary of Budget 2012 John Comer wins election to become the 12th President of ICMSA Search the site ICMSA President John Comer Newsletter ICMSA Winter 2015 Newsletter ICMSA Autumn Newsletter 2015 ICMSA Newsletter Spring 2015 ICMSA Winter 2014 Newsletter ICMSA Autumn 2014 Newsletter ICMSA Spring 2014 Newsletter ICMSA Autumn 2013

    Original URL path: http://icmsa.ie/2011/12/1291/ (2016-01-06)
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  • ICMSA Summary of Budget 2012 | I C M S A
    made after 06 December 2011 Full retirement relief from Capital Gains Tax on intra family transfers will be maintained for individuals aged 55 to 66 An upper limit of 3 million on retirement relief for business and farming assets disposed of within the family is introduced where the individual transferring the assets is aged over 66 years The current unlimited amount will apply for a transitional period of two years for individuals currently aged 66 or who reach that age before 31 December 2013 On non family transfers the current upper limit of 750 000 for individuals aged between 55 and 66 years will be reduced to 500 000 This change will apply from 2014 onwards thereby allowing older farmers time to plan for transfer A new incentive relief from Capital Gains Tax is being introduced for the first seven years of ownership for properties bought 06 December 2011 and the end of 2013 where the property is held for more than seven years Where such property is held for more than seven years the gains accrued in that period will not attract Capital Gains Tax Capital Acquisitions Tax The current rate of 25 is being increased to 30 This increase applies in respect of disposals made after 06 December 2011 There is no change to the 90 Agricultural Relief The Class A thresholds which apply to gift inheritances to Son Daughter are reduced from 332 084 to 250 000 All other thresholds remain the same Stock Relief There is a new 50 stock relief 100 for certain young trained farmers being introduced for registered farm partnerships and will run until 31 December 2015 subject to clearance with the European Commission under State Aid rules Stamp Duty The stamp duty rate on agricultural land is being reduced from 6 to 2 A half rate of 1 will be applicable to transfers to close relatives until the end of 2014 Universal Social Charge The exemption rate for the Universal Social Charge has been raised from 4 004 to 10 036 VAT The standard rate of VAT will be increased by 2 from 21 to 23 with effect from 01 January 2012 The VAT rate applied to open farms will be 9 rather than the new standard rate of 23 An amendment to the VAT refund order for unregistered farmers on farm construction will allow farmers to claim a refund on wind turbines purchased from 01 January 2012 Carbon Tax Carbon tax is increased from 15 per tonne to 20 per tonne however farmers will be allowed a double income tax deduction in respect of the increased costs arising from the change in the carbon tax Household Charge A household charge of 100 will be introduced in 2012 Motor Tax Motor Tax rates across all categories will increase from 01 January 2012 Agricultural Tractor rate will increase by 7 from 88 to 95 Social Protection Farm Assist Funding for this vital scheme is being reduced by 5 2 million in 2012 through

    Original URL path: http://icmsa.ie/2011/12/icmsa-summary-of-budget-2012/ (2016-01-06)
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  • ICMSA President criticises 'Untouchable Status' of Croke Park and warns against 'Asset Test for Third Level grants | I C M S A
    any such move would mean the erection of an insurmountable obstacle to the children of farming families receiving the financial help necessary for them to attend Third Level said Mr Cahill Farmers pay all the ordinary taxes as well and we ll need to see the details of the second day s announcements before we re able to describe the budget comprehensively Mr Noonan could announce a whole range of new household charges as well as an increase in capital taxation and most unwisely of all the restoration of some form of death duties That last possibility would be ruinous in that it will soak up already scarce capital from the farming community at precisely the time when credit is incredibly difficult to locate said Mr Cahill who continued by noting that the private exporting sector were still waiting for the hard evidence that the massive burden of restoring the state s economic sovereignty was being shared by all sectors and in fair proportion to their ability to shoulder that burden At Departmental and agency level the evidence of the radical reform needed is still very sketchy and vague Farmers are asking themselves what has happened to all the much heralded structural change that was to take place For instance dairy farmers are facing a new levy to fund Bord Bia s marketing drive but surely Bord Bia s marketing drive should have been paid for by a re allocation of existing resources It is an absurdity and one bordering on a farce at that that some of the most protected and indeed over paid groups in our society continue to enjoy the relative immunity guaranteed byCrokePark while the exporting sector which is the only way out of this economic nightmare is effectively asked to bear existing and new costs

    Original URL path: http://icmsa.ie/2011/12/icmsa-president-criticises-untouchable-status-of-croke-park-and-warns-against-asset-test-for-third-level-grants/ (2016-01-06)
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  • ICMSA Meet Senior EU Commission Officials on CAP Reform | I C M S A
    General Secretary today Tuesday 22 November 2011 met Klaus Dieter Borchardt Directorate Agriculture and Rural Develoment EU Commission to discuss CAP Reform proposals at which they addressed issues including the time frame for negotiations Base Year Greening Cross Compliance and the definition of Active Farmer Tagged with EU Commission Agriculture and Rural Development CAP Reform Edited version of the President s speech delivered to the 2011 AGM at the Carlton Castletroy Park Hotel on November 19 ICMSA President criticises Untouchable Status of Croke Park and warns against Asset Test for Third Level grants Search the site ICMSA President John Comer Newsletter ICMSA Winter 2015 Newsletter ICMSA Autumn Newsletter 2015 ICMSA Newsletter Spring 2015 ICMSA Winter 2014 Newsletter ICMSA Autumn 2014 Newsletter ICMSA Spring 2014 Newsletter ICMSA Autumn 2013 Newsletter ICMSA Summer Newsletter 2013 ICMSA Newsletter Spring 2013 Presidents Speech AGM Read more Login Events Calendar January 2016 Mon Tue Wed Thu Fri Sat Sun 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 All Press Releases 2015 December November October September August July June May April March February

    Original URL path: http://icmsa.ie/2011/11/icmsa-meet-senior-eu-commission-officials-on-cap-reform/ (2016-01-06)
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  • Edited version of the President's speech delivered to the 2011 AGM at the Carlton Castletroy Park Hotel on November 19 | I C M S A
    year which will suit Irish conditions We have already sought detailed legal advice on how this may be done and have been in discussions with the Department of Agriculture ICMSA hope to be in a position to make a detailed proposal to the Department on this matter in the coming months The proposal to level out or flatten the Single Farm Payments on a hectare basis leading to a single uniform payment in 2019 must not be implemented It would cause major financial problems for large numbers of farmers and farm families particularly those with repayment commitments and who expanded on the basis of the Single Farm Payment Already banks are discounting farm payments entitlements above the national average by up to 40 per cent This has a direct and immediate impact on the borrowing capacity of those farms as banks now operate a very rigid assessment of every loan application This on its own is a major policy issue in the context of achieving the targets of Food Harvest 2020 which now have assumed a status which may be unwarranted and indeed not helpful at all Staying with the European situation farmers and rural dwellers have been hit virtually overnight with a large number of new environmental regulations which were brought in by rushed or emergency legislation some of which was not even considered by Dáil Eireann because of the lack of action byIrelandat European level It beggars belief that Ireland with some of the highest paid Civil servants in the European Union with the Oireachtas Members among the highest paid in the European Union does not legislate to implement EU regulations in a practical and calm way and we wait until we are forced to do so by the European Court of Justice We are then forced to rush through legislation overnight legislation which is drafted and implemented by the same politicians and Civil Servants whose ineptitude and lack of action got us into the mess in the first place This situation has to stop as it is causing unnecessary costs and disruption to business and our way of living inIreland I just have to refer to the septic tank issue and the issue in relation to the threshold on the environmental impact assessment to highlight my point We have learned nothing from the Nitrates debacle For some time now ICMSA and others have taken the view that there exists a virtual cartel in relation to the supply and cost of fertilizer this needs to be addressed at European level as it is not possible to address it given the relatively small market inIreland I would call on the Taoiseach to ensure thatIrelandpursue this issue at European level With regard to Energy on the eve of the General Election Taoiseach you will recall that you kindly met us and reiterated a commitment regarding no increase on the carbon tax on agricultural diesel This subsequently formed part of the Programme for Government We expect this commitment to be honoured in full in the upcoming budget in December The relative cost of electricity is still out of line with Europe and it is an issue that the Government must relentlessly pursue as the electricity market in Ireland cannot continue to be insulated from international market forces and thereby passing on their high costs to exporting sectors such as the agri food sector With regard to credit I am very concerned not just with the availability of credit to fund the expansion that is required and planned but the actual cost of credit relative to what is available in other countries There are signs that the gap between Irish interest rates for the farming and SME sector is widening relative to other competitor states as Irish banks seek to rebuild their balance sheets However it is very difficult to get any meaningful measure of the relative cost of credit inIrelandand in this regard the Central Bank the Financial Regulator or indeed the Department of Finance have not been of much help The forthcoming Budget must not increase capital taxes on the typical family farm inIrelandas it transfers from one generation to the next I am very concerned that all the talk of increased capital taxes and relatively small adjustments could see the de facto return of the old death duties All the indications however are that there will be an increase in the obstacles to this If we were to move from a situation where a few short years ago we had schemes such as Installation Aid and Early Retirement to a situation where those two schemes had been abolished and the young farmer was now faced not with a help but a hindrance in the shape of a capital tax liability on taking over the farm then a truly epic act of self sabotage will have occurred Taoiseach that is really my main point here today We face enough real obstacles without adding to them through miscalculation or short sighted budget stunts We don t want special treatment for ourselves but neither do we want to be singled out in a negative fashion As the country rebuilds itself we ll stay the course We were here before the developers and speculators and we ll be here when they are consigned to our bad memories In the meantime you can count on the farmers ofIrelandand the country can count on the farmers ofIreland The question is can the farmers ofIrelandcount on their country and can they count on fair play I ll now conclude by returning to the wider question of what options we have as we face what seems to be the unstoppable unravelling of the Eurozone I m very conscious that this might seem like I m straying from ICMSA s normal patch but these are not normal times and the levels of worry and confusion I witness every day in the farming community is most certainly not normal It s against that reality that I now make some

    Original URL path: http://icmsa.ie/2011/11/edited-version-of-the-presidents-speech-delivered-to-the-2011-agm-at-the-carlton-castletroy-park-hotel-on-november-19/ (2016-01-06)
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  • ICMSA AGM Photos | I C M S A
    General Secretary Ciaran Dolan and President Jackie Cahill greet Taoiseach Enda Kenny on arrival at ICMSA AGM Ciarán Dolan with John O Connor Killorglin Sam and Marian Powell Nenagh Brigid Curtis Tom Ahern Margaret Leyden ICMSA and Maurice Tobin Waterford Shane O Loughlin and Chris Fox Michael Lenihan John Blackwell Thomas Blackburn and Martin Heenan Co Limerick Tony Touhy Pat Blackwell and Michael English from Dromkeen Michael Barron Wexford Tom Kelly Abbeyleix and Seamus O Riordan Limerick John Paul Mulcahy Martin McHugh and John O COnnor CO Cork PJ Wall Wexford Tim Fitzgerald Abbeyleix and Michael Murphy Wexford Pádraig and Eileen Haugh TJ Shannon and Brendan Griffin Co Clare Paddy and Anne Marie Cotter Maurice Foley and Maurice Walsh Co Kerry John O Connor and Tom Kiely Mallow Linda Doherty ICMSA with Lucy and Caoimhe Marcus CLifford Mitchelstown Eileen Callanan Clonakilty with Marcus Clifford Tom Evans Lisbole Co Kerry with Paul Doyle Tralee John Ladd with his daughter Aoife Castletownroche John O Connor and Tom Kiely Mallow Gerry O Donnell and John Joe O Sullivan Roscarberry Michael Dullea Clonakilty James Brosnan Dingle Patrick Flahive Annascaul Michael Ahern Kilmallock Liam Ryan Tipperary and John Robinson Kilkenny deep in conversation Ned O Keeffe Cork with Jim and Brigid Fitzgerald Mallow Gerald Quaine Limerick Noel Corcoran Offaly and Henry J Mooney Laois Paddy Breen Kerry with President Jackie Cahill and William Dennehy Kerry Tagged with icmsa annual general meeting ICMSA members in Carlow South Kildare East Laois invited to Bank of Ireland Agri Forum In Athy on Nov 28 Edited version of the President s speech delivered to the 2011 AGM at the Carlton Castletroy Park Hotel on November 19 Search the site ICMSA President John Comer Newsletter ICMSA Winter 2015 Newsletter ICMSA Autumn Newsletter 2015 ICMSA Newsletter Spring 2015 ICMSA Winter 2014

    Original URL path: http://icmsa.ie/2011/11/icmsa-agm-photos/ (2016-01-06)
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  • ICMSA WELCOME REDUCTION IN SUPERLEVY TO 1.2% BUT WARN ON CASH-FLOW ISSUES | I C M S A
    earliest according to Mr Pat McCormack Chairperson of ICMSA s Dairy Committee Cash flow over the next six to eight months is going to be a critical issue for some dairy farmers and a reasonable approach from banks and Co ops will be required to ensure that farmers overcome this cash flow problem Ireland is still facing a substantial superlevy fine and individual farmers must take this into account when making decisions regarding milk supply up to the end of March he concluded Ends 16 November 2011 Pat McCormack 087 7608958 Chairman ICMSA Dairy Committee Tagged with Dairy superlevy Cash flow ICMSA s Comer looks for slurry spreading window during closed period Edited version of the President s speech delivered to the 2011 AGM at the Carlton Castletroy Park Hotel on November 19 Search the site ICMSA President John Comer Newsletter ICMSA Winter 2015 Newsletter ICMSA Autumn Newsletter 2015 ICMSA Newsletter Spring 2015 ICMSA Winter 2014 Newsletter ICMSA Autumn 2014 Newsletter ICMSA Spring 2014 Newsletter ICMSA Autumn 2013 Newsletter ICMSA Summer Newsletter 2013 ICMSA Newsletter Spring 2013 Presidents Speech AGM Read more Login Events Calendar January 2016 Mon Tue Wed Thu Fri Sat Sun 1 2 3 4 5 6

    Original URL path: http://icmsa.ie/2011/11/icmsa-welcome-reduction-in-superlevy-to-1-2-but-warn-on-cash-flow-issues/ (2016-01-06)
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  • ICMSA members in Carlow/South Kildare/East Laois invited to Bank of Ireland Agri Forum In Athy on Nov 28 | I C M S A
    South Kildare East Laois area are invited to attend the Bank of Ireland Agri Forum due to take place in the Carlton Abbey Hotel Athy on Monday 28 November at 7 45PM Speakers are Matt Dempsey of the Farmers Journal Eoin Lowry of Target Fertilisers and Michael Lauhoff Head of Small Business and Agri in Bank of Ireland Queries to Nigel Whyte of Bank OfIreland Carlow at 087 1211033 ICMSA Deputy President addresses Joint Oireachtas Committee on Communications Natural Resources and Agriculture ICMSA AGM Photos Search the site ICMSA President John Comer Newsletter ICMSA Winter 2015 Newsletter ICMSA Autumn Newsletter 2015 ICMSA Newsletter Spring 2015 ICMSA Winter 2014 Newsletter ICMSA Autumn 2014 Newsletter ICMSA Spring 2014 Newsletter ICMSA Autumn 2013 Newsletter ICMSA Summer Newsletter 2013 ICMSA Newsletter Spring 2013 Presidents Speech AGM Read more Login Events Calendar January 2016 Mon Tue Wed Thu Fri Sat Sun 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 All Press Releases 2015 December November October September August July June May April March February January 2014 December November October September August July

    Original URL path: http://icmsa.ie/2011/11/icmsa-members-in-carlowsouth-kildareeast-laois-invited-to-bank-of-ireland-agri-forum-in-athy-on-nov-28/ (2016-01-06)
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