Accelerated capital allowances for safety equipment delayed

The move is to ensure compliance with EU State Aid rules

The scheme grants allowances at a rate of 50% over two years. File Picture. 

If you are wondering what happened to the accelerated capital allowances for farm safety equipment which the Government announced at the end of November, Finance Minister Paschal Donohoe revealed last week the measure is still subject to a commencement order to allow for ensuring compliance with EU State Aid rules and for various operational aspects of the scheme to be developed and put in place.

“The work to achieve this is currently being undertaken by my Department, the Department of Agriculture, Food and the Marine, and Revenue.”