§ Mr. Moore
Under the Milk Supplementary Levy (Outgoers) Scheme 1984, details of which were announced on 16 July by my right hon. Friend the Minister of Agriculture, Fisheries and Food, any farmer claiming payment under that scheme may apply either for compensation for loss of profits in the five years immediately after ceasing to produce milk, or for compensation for the surrender of his milk quota. Payments in respect of loss of profits will be treated as receipts of the farming business and therefore liable to tax as income. Payments in respect of surrender of quota will be treated as capital and liable to capital gains tax accordingly.