NDC appeals Revenue decision on €815,000 VAT repayment

The National Dairy Council (NDC) is appealing a decision from Revenue Commissioners not to repay over €815,000 in VAT repayment claims for 2019.

On January 13, 2020, Revenue Commissioners wrote to the NDC to say they refused VAT repayment claims to the value of €815,176.

The NDC appealed this decision to the Tax Appeals Commission in February.

The NDC has taken “external professional advice” on the matter, and has stated that it will “more likely than not” be successful in the appeal.

Meanwhile, the NDC annual report for 2019 shows that the council had an income of just over €5.5 million in 2019, an increase of just under €1 million since 2018.

Meanwhile, its expenses for the year came in at just over €4.9 million, an increase of around €400,000 compared to 2018. This was made up of direct expenses of just over €4.5 million; establishment expenses of around €53,000; and administrative expenses of around €265,500.

After taxation, the NDC surplus on ordinary activities for 2019 stood at around €595,000, compared to €94,000 in 2018.

A spokesperson for the NDC noted: “Since the abolition of milk quotas in 2015, the Irish dairy industry has expanded significantly. The co-ops and businesses have done a good job at handling the extra volume and turning it into a higher value offering.

“This has translated into an even bigger role for the NDC in managing the ever-changing and demanding Irish consumer. At the moment, we have 90% of Irish households consuming dairy at least weekly and 70% claiming they’re consuming dairy every single day,” the spokesperson added.

According to the NDC, some 80% of its income is invested in its own programmes.

Liquid milk supplies rise – farmer numbers drop

In other dairy sector-related news, last year saw an overall increase in the amount of milk supplied from winter milkers and year-round dairy farms.

However, the number of registered producers with liquid milk contracts has dropped by 21% for the 2019/2020 milk year, according to the National Milk Agency.

The agency revealed the details in its annual report and accounts for 2019.

It was noted that registered milk producers were a significant producer grouping in the domestic milk supply sector in 2018/2019, representing 10% of all milk producers and supplying 13% of domestic milk supplies.

CLASSIFIED ADVERTS