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Better 2021-22 profits for many mean cash flow must be planned in anticipation of higher tax bills in January, accountants warn. High input costs have already put pressure on…
The structures and buildings allowance (SBA) has been in place since 2018. Peter Griffiths of accountant Hazlewoods explains how to make best use of the measure. Many businesses and individuals…
Concern about the risk of changing their land's tax status is deterring farmers from entering agri-environment agreements requiring a change of use, according to the Central Association of Agricultural Valuers…
Facing a tax investigation can be stressful, disruptive and costly in terms of time and money for a farm business. There are some common triggers for investigations and inquiries and…
Farmers who host revenue-raising on-farm events risk losing VAT and inheritance tax advantages. Summer events ranging from a modest gathering such as a garden party, to a music festival, can…
A new penalty regime will be introduced in January 2023 that will affect farmers who submit their VAT return late – even when they are claiming VAT back. It became…
Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Andrew Robinson, partner and head of agriculture, Armstrong Watson advises on…
Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Andrew Robinson of Armstrong Watson advices on the tax and the considerations of potential development…
The tax and timing considerations for the Lump Sum Exit scheme and Basic Payment Scheme (BPS) delinking announcements need careful consideration and more information is needed from Defra, say advisers.…
Covid support schemes were a financial lifeline for some farm businesses, but as loan capital repayments kick in and HMRC claws back overpayments of self-employment grants, cashflow could come under…
VAT rules can be complex when it comes to the fairly simple enterprise of providing storage by letting out land or agricultural buildings. According to the Self Storage Association, there…
Farmers or farmworkers living in a house with an Agricultural Occupancy Condition (AOC) may be paying too much council tax, as some properties were incorrectly valued when the council tax…
Many poultry farmers are eligible for tax relief, often to the tune of tens of thousands of pounds, simply for developing innovative ways of working. Those don’t have to be…
Planting crops to suit soil type, improving soil structure and reducing fertiliser use – just three ways growers could be finanically rewarded for the way they farm. Anything that improves…
Farmers could be missing out on as much as £50,000 of tax relief on land they bought in a derelict or contaminated state and returned to productivity. Land Remediation Relief,…
If you are considering succession planning or a restructure of your farming business now would be a good time to put those plans in place while the reliefs are available…
From January 1st 2021 the Annual Investment Allowance is being reduced from £1m to £200,000 per annum and the reduction in Writing Down Allowances on special rate assets reduced from…
British farmers are among the most innovative in the world, constantly experimenting with new techniques and tools to improve the performance of their farm business. But many don’t realise that…
With a General Election in full swing in this article, Colin offers farmers and landowners his view on how the Labour Party Manifesto Proposals affect them. With a General Election…
Farmers Weekly and Baldwins have partnered to bring you Succession and Tax – What to consider when planning. Failure to plan adequately for succession represents one of the biggest risks…
Agricultural buildings and developments are being taxed inconsistently across Britain, at a cost of thousands of pounds to the farmers caught up in a postcode lottery. The community infrastructure levy…
Buyers with rollover funds are the driving force behind many farmland purchases. With growing numbers of development deals in the pipeline, more landowners are likely to find themselves in this…
