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Farming can happen under many different arrangements. Whether that’s in-house, a tenancy where a landowner lets their land to another to farm, a Contract Farming Agreement (CFA) between a landowner (or tenant farmer) and a contractor, casual contracting on an ad hoc basis or machinery sharing. It’s important to understand each option to consider which…

What is a HMRC Nudge Letter? HMRC have been using nudge letters since 2017 to encourage taxpayers to check their previously declared taxable income and submitted returns. These are used to help identify whether there is any undeclared taxable income. A nudge letter is a type of communication that HMRC use to encourage individuals or…

Land is the nation’s greatest natural asset, being the source of food, the foundation stone of nature and the support system of the environment on which we rely. It’s the place where we live, work and rest. Due to the climate and biodiversity crises, global shocks and the needs of consumers and businesses, there is…

Shareholder protection insurance is a type of life insurance policy that provides funds to the remaining shareholders to buy out the shares of a deceased or critically ill shareholder. Without such protection, the shares might pass to the deceased’s family or estate, which could create operational complications, disputes, or even force a sale of the…

From 1 April 2027, major changes to UK company filing requirements were originally announced as part of the Economic Crime and Corporate Transparency Act (ECCTA). These reforms aimed to improve transparency and reduce economic crime.   However, on 3 July 2024, the government announced a U-turn on the most controversial measure: requiring small and micro-entity…

With the holiday season in full swing and many taking a well earned break, attention turns to holidays, whether abroad or in the UK. However, the rules relating to the renting of a ‘holiday home’ have all changed as from 6 April 2025. Now, Airbnb style lettings are taxed under standard residential property rules, bringing…

Making Tax Digital for Income Tax requires self-employed businesses and landlords with qualifying income to maintain digital records and submit tax updates to HMRC using Making Tax Digital – compatible software. Quarterly updates will need to be submitted to HMRC providing a snapshot of income and expenses. These are cumulative so that each submission effectively…

Could Your Business Be Pushed Into Audit? The Financial Reporting Council (FRC) has issued final amendments to FRS 102, introducing a major overhaul to how leases are accounted for under UK GAAP. While there are a number of amendments to the standard, the most significant for many businesses is the new requirement to bring most…

Farmers have received subsidies for a considerable amount of time, with roots tracing back to the post-World War II era, but with the Basic Payment Scheme (BPS) ceasing in 2027 and the Sustainable Farming Incentive (SFI) being paused for new applications, at the time of writing, it is crucial that all elements of grants and…

What To Expect In Issue 8 of Our Property Matters Newsletter HMRC Nudge Letters In this edition we are looking to explore the approach that HMRC are now taking in relation to closing the reportedly £40 billion tax gap, not only through the use of employing more compliance workers, making greater use of AI, but…