An emergency meeting of Kerry Co-Op is being held today to discuss letters from Revenue outlining a tax liability for patronage shares.
Around 400 out of 3,500 Kerry milk suppliers got the correspondence relating to these shares for the years 2011, 2012 and 2013.
The liabilities range from 5,000 to 50,000 euro.
Chair of Kerry IFA, Sean Brosnan thinks Revenue are wrong in their claim adding they went into this without fully understanding the relationship between Kerry Group PLC and Kerry Co-Op.
He told Agritime that clarity is needed from Revenue quickly on this issue: