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The General Secretariat for Fisheries has resolved the allocation of quotas resulting from a stock swap with the United Kingdom under the Trade and Cooperation Agreement (TCA). The swap involves the transfer of 65 tonnes of grenadier (stock LIN/6X14) and 65 tonnes (stock LIN/*04-C) in exchange for 65 tonnes of hake (stock HKE/571214) and 40 tonnes (stock HKE/*8ABDE). These quantities are distributed among vessels in the fleet operating under Order APM/920/2017 (art. 8.4.d of Order APA/315/2020).
For deep-sea, high-sea, and longline vessels (greater or less than 100 gross tonnes) operating in the North East Atlantic Fisheries Commission, the effect is a modification of their individual fishing quotas (art. 8.4.d of Order APA/315/2020). Certain vessels will see a reduction in their grenadier catch capacity to increase hake capacity, or vice versa, as specified in the resolution's annex. Affected parties have one month to lodge an administrative appeal (recurso de alzada) if they deem it necessary (art. 121 and 122 of Law 39/2015).
The tax team reviews your specific situation.
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