What we think


Low emission cars – changes to the vehicle tax regime

Following on from the article in our last E-news about changes to car benefit rules which adversely affect low emission cars over the next few years, it is also worth highlighting the changes to the vehicle tax regime which now apply from 1 April 2017. Previously, low emission cars (less than 100g/km) had been exempt… Read more


Is Incorporation still worth it?

Question: Two years ago our accountant encouraged us to transfer our farming business into a limited company – the aim being to reduce our tax bills. I am aware that companies pay lower tax rates and we have not paid any tax on the amounts we drew out of the company. However, I understand we… Read more


BASIC PAYMENT SCHEME & VAT

The majority of farmers will have or will be in the process of completing their BPS claim forms, before the 15 May deadline. A significant number need the help of professionals to do this task. Farmers may have also bought further entitlements ahead of the deadline to increase the value of their claim. Can the… Read more


INHERITANCE TAX AND THE RESIDENCE NIL RATE BAND

From the 6th April 2017 estates up to the value of £2 million should now benefit from the residence nil rate band (RNRB) on death. Now is the time to review your affairs to ensure your estate will qualify – it is not straight forward and advice in this area should be sought. What is… Read more