Coping with a bigger than expected tax bill on the farm

Anecdotally, some farmers are seeing a doubling and even tripling of their tax bills for 2022, writes agricultural accountant Kieran Coughlan.

combine harvester chart. rising chart on field.

As we move closer towards the tax filing deadline, farmers are beginning to get an indication of where their tax bill is at arising from their 2022 accounts. 

The year was exceptional in many respects, and already, we can see an uplift in profits amongst the three major sectors of Irish agriculture being beef, dairy and tillage operations.