Category: Accountancy

Accountancy, Agriculture

Update on Direct Payments to farmers: Lump Sum Exit Scheme and delinked payments in England

The Government has today, 8 February 2022, published its response to the consultation on the Lump Sum Exit Scheme and delinked payments in England.  Information below taken directly from ‘Summary of responses and government response’ document that you can read in full by clicking here. The following information is from the ‘Government response to the consultation’ section: Lump Sum Exit SchemeIt remains our intention to … Continue reading Update on Direct Payments to farmers: Lump Sum Exit Scheme and delinked payments in England

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Accountancy, Agriculture

POTENTIAL HIGHER TAX BILLS FOR SOME FARMERS

The text below is taken from an email sent out by Land Family Business, you can access their website by clicking here. It is written by Gary Markham, you can find his contact details by clicking here. As part of the phased introduction of Making Tax Digital (MTD) HMRC are proposing to align the reporting of accounting data of partnerships and sole traders with the tax … Continue reading POTENTIAL HIGHER TAX BILLS FOR SOME FARMERS

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Accountancy, Tax, Updates

Budget 2021: Key points at-a-glance

Information below taken from BBC News online Taxation No changes to rates of income tax, national insurance or VAT Personal income tax allowance to be frozen at £12,570 from April 2022 to 2026 Higher rate income tax threshold to be frozen at £50,270 from 2022 to 2026 Corporation tax on company profits to rise from 19% to 25% in April 2023 Rate to be kept … Continue reading Budget 2021: Key points at-a-glance

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Accountancy, Agriculture, Business, Farming

WHERE HAS MY BANK MANAGER GONE?

Something that has affected so many… See how Berrys can help in today’s blog post…  The past year has seen some of the Banks restructure their businesses to cut costs and many farmers losing their face to face Relationship Manager as a result. Many times in recent months, clients have told us ‘I have no Bank Manager’ or ‘I have to call Birmingham or Edinburgh … Continue reading WHERE HAS MY BANK MANAGER GONE?

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Accountancy, Agriculture, Business, Farming, Updates

AMC Funding

Another thing that has happened in my blog absence is that I have now become an AMC Agent and Valuer, so I thought I would share a bit about AMC funding with you today… As we continue to face uncertainty, it’s important for farming businesses to control the things that matter. If you haven’t reviewed your funding arrangements recently, then now might be the time to … Continue reading AMC Funding

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Accountancy, Agriculture, CAP Reform, Farming, Grants and subsidies, Updates

BPS REPLACEMENT STRATEGIES

This week a note written by my colleague Will Tongue. Whilst there are still uncertainties with the future of Brexit, it is never to early to start thinking about BPS replacement strategies… The summer workload and, on the whole, excellent combinable crop yields have been a welcome diversion for many – a chance to get lost in the more enjoyable and meaningful side of farming … Continue reading BPS REPLACEMENT STRATEGIES

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Accountancy, Agriculture, Business, Farming, Uncategorized

VAT: Making Tax Digital from 1st April 2019

HMRC has published information for businesses on the requirement for digital recording of VAT from 1st April 2019 under the Making Tax Digital programme, including: What’s changing? VAT-registered businesses with a taxable turnover above the VAT threshold (currently £85,000) are required to keep digital VAT business records and send VAT returns using Making Tax Digital-compatible software from 1 April 2019. The changes mean all businesses … Continue reading VAT: Making Tax Digital from 1st April 2019

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Accountancy, Agriculture, Uncategorized

New range of finance options for the venison industry from Lloyds

Good morning all! I was having a spin through Linkedin this morning and noticed an article by Lloyds about new finance options for the venison industry which sounded very interesting, so I thought I would share! Info below taken directly from: http://www.lloydsbankinggroup.com/Media/Press-Releases/press-releases-2017/lloyds-bank/lloyds-bank-bucks-the-trend-with-specialist-finance-for-growing-venison-industry/ More info and full press release here: https://www.lloydsbank.com/assets/media/pdfs/press-releases/2017/170718-venison-finance-press-release.pdf New range of finance options for growing venison industry Will help farmers establish a herd … Continue reading New range of finance options for the venison industry from Lloyds

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Accountancy, Agriculture, Business, Farming, Uncategorized

AMC Loans – Managing Brexit Uncertainty

I’ve previously written a blog post about the Agricultural Mortgage Company (AMC) and its benefits, if you’d like to refresh on AMC, you can read my last blog about it here: https://blondeagadvisor.wordpress.com/2015/05/13/amc-and-its-benefits/ The recent announcement from the government regarding a “Hard Brexit” has left many farming business uncertain as to what the future holds in terms of markets for their produce and the level of … Continue reading AMC Loans – Managing Brexit Uncertainty

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