Category: Agriculture

Agricultural Insight 2017

September 2017

Our Agricultural Insight is a survey of attitudes in the farming sector. We asked a sample of visitors at Cereals 2017 how they felt about various current issues. The survey follows on from similar sampling at LAMMA and Cereals over the...

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Agriculture – Another Cloud on the Horizon

April 2017

As we move into a new financial year it is perhaps a good time to consider the financial state of the agricultural industry in the UK. “Fragile” is a good word to start the assessment. Commodity prices have picked up...

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Farmhouse Bed & Breakfast – Increased rent-a-room allowance

March 2017

Running a Bed & Breakfast business from your farmhouse can introduce some diversified income into the family and make use of some unused bedrooms. Such an enterprise can also be tax-efficient. A farmhouse Bed & Breakfast business qualifies for the...

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Farmhouse Bed & Breakfast – Increased rent-a-room allowance

March 2017

Running a Bed & Breakfast business from your farmhouse can introduce some diversified income into the family and make use of some unused bedrooms. Such an enterprise can also be tax-efficient. A farmhouse Bed & Breakfast business qualifies for the...

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Sideways Loss Relief

March 2017

A challenge in the agriculture sector has always been fluctuating profits with reasons including the weather or other challenges such as movement restrictions as a result of foot and mouth. Farmers who make losses are able to relieve those losses...

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Making Tax Digital for Farmers

November 2016

Major changes are being made to the way in which all taxpayers interact with HM Revenue and Customs (HMRC). The government is referring to these changes as “Making Tax Digital” and they are proposing a staged introduction to the new...

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New farmers’ averaging rules

August 2016

Legislation is currently being progressed through parliament to enable farmers to choose between averaging their profits over two years, five years or not at all. The rules take effect from the 2016/17 tax year. Farmers will only be able to...

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Auto Enrolment For Farmers

June 2016

Another topical issue for many farmers at present is Pensions Auto Enrolment. The Auto Enrolment provisions have now been in place for a few years, but for many businesses the Staging Date is calculated with reference to the number of employees...

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Budget 2016: What does it mean for the Agriculture sector?

March 2016

David Missen, Head of our Agriculture sector offers his views on this year’s budget and considers some of the implications for the agricultural community. “George Osborne’s Budgets are always good for keeping accountants on their toes, and this one is no...

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Report shows UK Farmers’ optimism for growth is declining

March 2016

The fourth in our series of agricultural surveys reveals that for the majority of farmers, optimism for growth is on the decline and succession planning is even more of an issue. The MHA Agriculture Insight Survey was conducted at Lamma...

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