Ejected Farmers Could Be Entitled To Compensation

Farmers who HMRC have ejected from the Agricultural Flat-Rate Scheme (AFRS) may be entitled to a repayment or compensation. An opinion from the advocate general to the European Court of Justice has led to the belief that many who feel they have been unfairly removed from the VAT simplification scheme may be able to make … Continue reading Ejected Farmers Could Be Entitled To Compensation

HMRC Not So Merry With Wedding Venues

Farmers hiring out land and buildings for wedding ceremonies may have to pay back thousands in back tax following a failed VAT appeal earlier this year. Blue Chip Hotels failed in their appeal to overturn more than £50,000 in VAT. The company argued that, as it didn’t offer room hire for civil wedding ceremonies as … Continue reading HMRC Not So Merry With Wedding Venues

VAT Payable On Full Cost Of Temps

Farms and rural businesses who hire temporary staff through an agency must continue to pay VAT on the wages of those workers, and not just on any commission that is due. A tribunal has ruled that VAT at the standard rate is due on all amounts charged to a client for the supply of temporary … Continue reading VAT Payable On Full Cost Of Temps

Happy Holidays From Green & Co

As we take our Christmas break at the end of another productive year, we would like to take this opportunity to thank you, our loyal blog readers! Whether you are already a client, a prospective client, or just like to read our informative articles each week, it is you who keeps this blog going. Working … Continue reading Happy Holidays From Green & Co

Farmers Targeted In Latest VAT Scam

Welsh farmers are being warned to be extra vigilant and not to respond to communications supposedly coming from “UK Data Control” asking for details of missing VAT numbers and other business details. The letters look official enough, but by signing and returning the form, the signatory agrees to pay an amount of £790 for the … Continue reading Farmers Targeted In Latest VAT Scam

Road Fuel Scale Charges From 1st May

The VAT Road Fuel Scale Charges have been amended with effect from 1st May 2015. The new rates can be found here. If a business is VAT registered and purchases road fuel for business use, but there is also private use of a vehicle, then an adjustment needs to be made to ensure that VAT … Continue reading Road Fuel Scale Charges From 1st May

Barn Conversions And Tax Planning

  There has been much publicity about the current Housing Crisis, and the Government has recognised the need to encourage new housing development. In England ‘permitted development rights’ have been extended to allow more development of farm buildings for residential use. This is a positive move for house buyers, the rural economy and land owners. … Continue reading Barn Conversions And Tax Planning

Renewable Energy – Making Farming Greener

Historically, farmers have provided for the population by producing the basic necessities of life such as food and clothing materials.  In modern times, energy is the most precious  and yet essential of commodities, so it seems only natural that the evolution of farming should include the supply of renewable energy. From  hosting wind farms and … Continue reading Renewable Energy – Making Farming Greener

Exempt Supplies: Do You Reclaim VAT On Them?

Many farms make Exempt supplies such as let cottages or stabling. This means they do not have to charge VAT on that income. The basic rule of VAT is that input tax cannot be reclaimed on any costs directly relating to exempt supplies.  However, if you have a mixture of taxable and exempt supplies you … Continue reading Exempt Supplies: Do You Reclaim VAT On Them?

Farmers, are you aware that you have to charge VAT for storage space?

It is not uncommon for farmers to rent out unused buildings for storage.  However, beware!!  It is not generally known that the introduction of VAT on self-storage in October 2012 also affects you! As the legislation referred to self-storage, it was not fully understood what impact it would have on other trade sectors.  Although the … Continue reading Farmers, are you aware that you have to charge VAT for storage space?