Hi Guys,
I've been reading up on the various requirements for licensing a microbrewery over the last few days, and noted the requirement for a Revenue bond.
I came across this publication from Revenue yesterday, published this month, found here:
[url:1kqj6bnx]http://www.google.ie/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQFjAA&url=http%3A%2F%2Fwww.revenue.ie%2Fen%2Fabout%2Ffoi%2Fs16%2Fexcise%2Ftax-warehouses%2Fpart2-breweries-microbreweries-cider.pdf&ei=haZcVeXhMIL_UtPYgJgP&usg=AFQjCNFsqxUajCcdJ6rmcd-HmZYOOEbmCA&sig2=xY79_XzU-b3ZdLS_PVqGyA&bvm=bv.93756505,d.d24[/url:1kqj6bnx]
In section 2.2, there are separate provisions for microbreweries. Not being overly familiar with this area, it would lead me to think that the issue of a bond is now gone for a brewery producing beer which would have a bond penalty of less than €10k.
Any thoughts or am I missing something?