Paste your Google Webmaster Tools verification code here

Agriculture News

We know that farming isn't just a business; it's a way of life

Changes to tax relief on pensions for high earners from 2016/17

Are you aware of the changes to tax relief on pensions for high earners for 2016/17? If you are a higher earner, pension contributions can be a very tax efficient way of saving for your future. However, changes are due to come into force from 6 April 2016 which will...

2015/16 year-end tax planning advice for owners and individuals

2015/16 year-end tax planning advice Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so please continue on to read our year-end tax planning advice. Carrying out an annual review of your tax affairs could...

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the fothcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary, have...

Tax opportunities for UK farmers and agricultural businesses

Are there tax opportunities for UK farmers available in 2016? Annual Investment Allowance, Agricultural Property Relief, farmers’ averaging and falling corporation tax rates bring big tax opportunities for UK farmers and owners of agricultural businesses. However,...

Agriculture update for UK farmers – February 2016

Welcome to our first agriculture update for UK farmers of 2016. Please do register for our agriculture newsletter if you would like to receive the agriculture update each month, along with our quarterly agriculture newsletter and topical sector developments. A British...

New farmers’ averaging rules – five year averaging optional

Following the announcement of changes in last year's March Budget, the government has now confirmed the details behind the new farmers' averaging rules. In summary, farmers will have the option of averaging losses for tax over a two year or a five year period. In an...

Farming – reduce tax bills (AIA) or keep cash reserves?

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance (AIA) will be set permanently at £200,000 from 1 January 2016 – welcome news for the farming sector, as we covered in our Autumn 2015 agricultural newsletter. Although farmers are...

A look at DEFRAs 25-year plan for agriculture

Have you ever thought about what agriculture sector might be like in 2040? DEFRA is developing a 25-year industry-led farming plan with the aim to deliver a more competitive and profitable agriculture sector. The goal is to grow more, buy more and sell more British...

Agriculture update for UK farmers – November 2015

Welcome to our third agriculture update for UK farmers. Please do register for our agriculture newsletter if you would like to receive the agriculture update each month, along with our quarterly agriculture newsletter and topical sector developments. Autumn statement...

Agriculture Autumn Statement 2015 review

On 25 November, the Chancellor delivered his latest Autumn Statement. In a year which has already seen the two Budgets and a General Election, and on the back of a volatile market and erratic weather conditions, agricultural businesses were perhaps uncertain about...

Agriculture update for UK farmers – October 2015

Welcome to our second agriculture update for UK farmers, a new monthly edition on the Hawsons website. Please do register for our agriculture newsletter if you would like to receive the agriculture update each month, along with our quarterly agriculture newsletter and...

Technology in UK farming – a new era?

Is there a place for technology in UK farming? Whether you run a small farm with a few chickens or have a herd of a thousand livestock, it is time to start considering the implications of technology in UK farming, before you fall behind. Unpredictable markets, erratic...

Agriculture update for UK farmers – September 2015

Welcome to our first agriculture update for UK farmers, a new monthly edition on the Hawsons website. Please do register for our agriculture newsletter if you would like to receive the agriculture update each month, along with our quarterly agriculture newsletter and...

Mitigating the impact of suffering milk margins

Milk – the most basic of commodities – has been central to controversy in recent years, but never more so than during the summer of 2015. As the rate of milk consumptions continues to grow, British dairy farmers have seen their margins on milk fall and fall, almost...

Over £11.4bn in R&D tax relief now claimed

£11.4bn in R&D tax relief now claimed - are you missing out? HMRC has now published its most recent R&D tax relief statistics (2013/14), and the picture remains very positive. The statistics show that companies - both SME and multinational alike - are continuing to...

ATED: Updated procedures and details on ATED returns

Since 2013 a range of measures have been introduced to discourage the holding of residential property in the UK via companies, partnerships and collective investment schemes. In summary, these measures are: Stamp Duty Land Tax (SDLT) is payable at 15% on the...

Agricultural diversification – beware tax pitfalls

In our last newsletter we looked at the opportunities diversification can bring to farmers, particularly through additional revenues. We highlighted several diversification options and concluded that, when carefully planned for, diversification can be a very...

What is eligible for Agricultural Property Relief?

Inheritance tax is becoming increasing complex for farmers and agricultural business and land owners, and careful planning is essential in making a successful Agricultural Property Relief (APR) claim. Inheritance Tax (IHT) is normally payable on an estate when...

Is diversification right for your farm or rural business?

In recent years, in conjunction with volatile milk prices and other cost pressures, many rural and agricultural businesses have looked to diversify their offering. As well as their core business operations, farmers are also hosting fishing and clay pigeon shooting...

Extension of farmers’ averaging to give greater flexibility

One of the important announcements in the March Budget was the extension of farmers’ averaging, where farmers who meet specific conditions can average their profits for income tax purposes, from two years to five years. The unique tax rule, introduced to limit...

Chancellor gives Annual Investment Allowance certainty

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...

Planning for capital expenditure in the next few months

For many businesses the prospect of obtaining a 100% tax deduction for the cost of plant and machinery purchased by the business is attractive. Announcement from the Summer 2015 Budget The Chancellor announced in the Summer 2015 Budget that the Annual Investment...

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

Our offices

Pegasus House, 463a Glossop Road, Sheffield, S10 2QD

5 Sidings Court, White Rose Way, Doncaster, DN4 5NU

Jubilee House, 32 Duncan Close, Moulton Park, Northampton, NN3 6WL

Sheffield

0114 266 7141

Doncaster

01302 367 262

Northampton

01604 645 600

Contact

Get in touch

Pin It on Pinterest