Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Jonathan Corsie
Tax Assistant Manager
20 September 2023
How much VAT can be recovered on works to farmhouses?If a farm business is VAT registered, a proportion of VAT incurred on works to farmhouses is typically recoverable, but it can be difficult to determine the correct level when it comes to renovations and extensions.
16 August 2023
Preparing for a new rural support schemeRural businesses are facing ongoing uncertainty over what the changing rural support schemes will deliver and how this will affect their future income. While 2026 will be the start of the new scheme, the levels of support available will require changes to current business policy from 2025.
28 July 2023
Updated guidance from HMRC on land used for environmental activitiesAgriculture is going through the biggest change in a generation. Government policy is altering the landscape by seeking to introduce policies that work for farm businesses, food production and the environment (in terms of carbon and biodiversity).
12 July 2023
Maximising your capital expenditure with the Annual Investment AllowanceWith the introduction of the Basis Period Reform from April 2024, the way in which partnerships and self employed individuals are taxed under self assessment is changing for those who currently have an accounting year end that doesn’t align with the tax year of 5 April or 31 March.
27 April 2023
Planning for the Tax Year EndSome things are so unexpected that no one is prepared for them – previous years have definitely proved that point. However, the one constant we can rely on is the Tax Year End on 5 April. By planning in advance, you can maximise the valuable tax allowances available each tax year.
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