Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Scott McFarlane
Employer Services Senior Manager
27 January 2022
Changes to staff accommodation rules - are you aware of the tax implications?An announcement made by HMRC back in April 2020 on how certain staff accommodation will be taxed from 6 April 2021 is affecting many workers and employers in the farming community.
17 January 2022
Passing on your property in a tax-efficient wayPassing on land and property assets without incurring tax continues to be a challenge, particularly for residential or commercial property. However, careful planning can ensure you are able to manage the succession of these in a tax efficient manner - Alex Docherty explains in more detail in this article.
10 January 2022
The key role of the rural sector in achieving net zeroEvery farm and estate will start the journey to net zero from a different place and will need a unique action plan.
Tony Cochrane
VAT Senior Manager
13 September 2021
Diversifying your rural business - benefit from ever-changing VAT rulesMany rural businesses have diversified, or are considering diversifying, into hospitality and leisure activities as an additional income stream. In the midst of the coronavirus pandemic in 2020, Chancellor Rishi Sunak announced a temporary 5% reduced rate of VAT for hospitality and tourism activities. This period of reduced VAT is coming to an end on 30 September 2021, with a new 12.5% reduced rate applying from 1 October 2021 to 31 March 2022.
Senga Prior
Tax Senior Manager
08 August 2021
Tax considerations for furnished holiday letsA popular way for farmers to generate additional income is the letting of excess farm cottages as furnished accommodation on short-term lets, also known as furnished holiday lets (FHLs). Some have gone even further, building bespoke cottages or cabins.
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