The agricultural sector is facing a challenging time. The poor weather is impacting the ability to grow a crop for the 2024 harvest. With subsidies decreasing, interest rates increasing and the prospect of lower yields for the 2024 harvest, the agricultural sector...
As part of their diversification plans, farms might consider providing camping or glamping facilities and the provision of holiday accommodation in existing buildings and cottages, but have you also considered the taxation of holiday accommodation? Unless a...
Many farming businesses continue to face uncertainty. Diversification allows a farm to produce alternative sources of income, potentially reducing the risk on a specific sector. The range of activities for diversification continues to increase with the sector opening...
In these current economic times of high inflation and increased uncertainty around the squeeze on household incomes – imagine if your business is involved in the farming industry. Where the business focus is in food production, food prices are not just something...
Following changes made to the UK’s anti money laundering laws and implementation of the Fifth Money Laundering Directive, all express trusts must now register with HMRC’s Trust Registration Service (TRS). An express trust is a trust that has been deliberately created....
As a schoolboy I always remember being told that the Ukraine was the bread basket of Europe. Even so, I did not appreciate, until the conflict in the Ukraine that nearly one third of the world’s wheat is grown either in the Ukraine or in Russia. Already we are...
