Second Window for Farm Business Grant Scheme

Further to our blog in April regarding the Farm Business Grant Scheme, the Welsh Government will be opening the second window for those to apply for the scheme this month. As last time, the window will be open for two months, with a total of £40m funding available over the course of the scheme running, … Continue reading Second Window for Farm Business Grant Scheme

Apply Now For Tesco Future Farmer Foundation

The Tesco Future Farmer Foundation is looking for young people in UK & Irish farming who are keen to develop a successful future in agriculture. Running from 19 June until 29 September 2017, the programme is available for those aged between 20 and 35 from all farming sectors, and aims to help in four particular … Continue reading Apply Now For Tesco Future Farmer Foundation

Farmers and Banks – a Relationship on the Rocks?

A recent survey undertaken by YouGov reveals that farming businesses feel that they are not getting sufficient support from their banks. Over 1,000 small and medium farming businesses took part in the survey, with over 30% stating they would like to see more commitment to the agricultural industry from banks.  One of the biggest concerns … Continue reading Farmers and Banks – a Relationship on the Rocks?

Last Chance for Welsh Dairy Farmers

Dairy farmers in Wales have until this Friday to apply for an aid scheme worth £1,800. The EU Conditional Aid Scheme is only open to dairy farmers in Wales and, specifically, those that were in milk production with a supply contract on 1 January 2016. To qualify before the deadline at midnight on Friday 30 June, producers need to … Continue reading Last Chance for Welsh Dairy Farmers

Tax Allowances for Caravans Used in the Business

You can claim tax relief, known as capital allowances, for plant and machinery that you keep to use in your business. Assuming all criteria are met, the cost of items such as tools, equipment, desks and computers can be offset against profits in the year in which they are incurred. This is subject to the annual … Continue reading Tax Allowances for Caravans Used in the Business

Are you a farmer or a landlord?

There has always been uncertainty over whether a landowner is a farmer or a landlord for tax purposes. There has however, been a recent useful decision by the First Tier Tribunal in the case of John Carlisle Allen which has helped to clarify the capital gains tax position (and the valuable entrepreneurs relief/rollover relief ) … Continue reading Are you a farmer or a landlord?

Choosing the best structure for your farming business

How do you know whether to choose a sole trade, partnership or limited company structure for your business? The changes in farming over recent years have made this question much more complicated. Many factors need to be taken in to consideration when making this decision. Traditionally farms have been small family owned businesses which would … Continue reading Choosing the best structure for your farming business

HMRC, The Dairy Farmer & The Disallowed Loss

The recent case of B and R Scambler v HMRC (TC4842) reinforces HMRC’s refusal to accept farming loss claims where they deem that the farm is not being run on a commercial basis. And there are many cases of this nature going to Tribunal. Assuming all criteria is satisfied, self-employment losses can be offset against … Continue reading HMRC, The Dairy Farmer & The Disallowed Loss

Fire Service Appeal To Farmers Planning Controlled Fires

South Wales Fire and Rescue Service have advised farmers who are planning to ‘burn off’ their land, that they now have a dedicated Wildfire Station to assist them. While the vast majority of these burnings are done under safe conditions, on limited occasions fires can become too large to manage or out of control with … Continue reading Fire Service Appeal To Farmers Planning Controlled Fires

New Small Grant Scheme for Welsh Farmers

The new tax year brings some good news for farmers as the Welsh Government has announced it has earmarked £40 million for a new Small Grants Scheme in Wales to “help farmers transform their business”. The scheme will be part funded by the Rural Development Programme, and will offer support over a 4-year period for … Continue reading New Small Grant Scheme for Welsh Farmers