Farmers in Sweden supplying Arla are making the most of their cows’ manure by using it to power up milk lorries. Currently 81 farmers are involved in the biogas initiative, delivering their manure to biogas plants. The Swedish initiative is helping contribute to a fossil-free fuel future by turning the manure into biogas, which in … Continue reading Swedish Farmers at Forefront of Manure Powered Future
Many farming businesses which trade as Limited Companies are thought to be missing out on valuable Research & Development tax credits. Corporation Tax credits have been available for many years but are being overlooked in the field of agriculture, the main issues being that many do not even know they exist. Under the small and … Continue reading Can You Claim Research & Development Tax Credits?
As part of the Farmers’ Union of Wales (FUW) campaign ‘Your Dog, Your Responsibility’, free gate post warning signs will be handed out at the Royal Welsh Show next week. Dog attacks on livestock in the country are still a major concern for farmers across Wales, and the campaign aims to raise awareness of the … Continue reading Dog Attacks Still a Major Concern for Welsh Farmers Union
Powys based bioresearch company, Agroceutical Products is using Wales’ national flower in the fight against Alzheimer’s. Established in 2012, Agroceutical Products is owned by former sheep farmer Kevin Stephens and grow its daffodils in the Black Mountains of Powys. Daffodils contain galantamine – a compound known to slow the progression of Alzheimer’s symptoms; and being … Continue reading Welsh National Emblem at Forefront of Fight Against Alzheimer’s
If you are planning on restructuring your family business, it’s likely you’ve considered the tax and VAT positions. It’s important however not to neglect Land Transaction Tax (LTT), or Stamp Duty Land Tax (SDLT) if in England. Often overlooked, LTT can arise when an interest in land is transferred. If you are a sole trader … Continue reading Land Transaction Tax on Business Restructure
Five-year averaging has the potential to offer farmers big tax savings, by reducing tax rates and allowing retrospective claiming of beneficial tax reliefs. From 2016-17, HMRC agreed farmers could, under certain circumstances, chose to average their profits over two or five-year periods for income tax purposes. Five year averaging has proved more beneficial than initially … Continue reading Feel the Benefits of Five-Year Averaging
Forward-thinking farmers are now using drones to help with the maintenance of their farms, but it is important that they understand the responsibilities and legal requirements that come with their use. Drones are an efficient use of technology to remotely monitor what is happening on a farm. They can be utilised to review and assess … Continue reading Farmers Using Drones
A new App developed by SellMyLivestock was released on Valentine’s Day this year to help farmers look for bulls to serve their herd or breeding cows. The App, appropriately named Tudder, takes a leaf from the book of Tinder where farmers swipe left or right in their quest to find matches. Co-Founder Jamie McInnes says … Continue reading Bovine Tinder to Help Farmers with Breeding Stock
The age old conundrum of whether an item is classed as “plant” for capital allowances, or whether the expenditure was on a building or structure can be difficult to resolve but with different allowances for each category, it is important to be sure expenditure is classed correctly. It all boils down to the “with which” … Continue reading Is a Grain Silo Plant?
New regulations to come into force for Welsh farmers in 2020 are being described as ‘disastrous’ for the sector, especially with the uncertainty of Brexit looming on the horizon. Announced in November last year, the regulations coming into force from January next year include measures such as nutrient management planning, sustainable fertiliser applications, protection of … Continue reading Anger at Welsh Government 2020 Plans