Latest Agriculture
Latest Agriculture
20th May 2022
DEFRA Deadline: Don’t get caught out
Back in March 2022, DEFRA quietly published new regulation affecting users of plant protection products (PPPs). All businesses, organisations or sole traders that use professional PPPs (sprays to you and I) need to register to comply with the new regulations by 22nd June 2022. This applies to all farmers, contractors, estates, landlords who use contractors,…
10th May 2022
Defra Announce 50% BPS advance
As farmers face being squeezed with price increases for inputs due to the situation in Ukraine and worldwide gas and energy prices, DEFRA have announced that the RPA will advance 50% of the value of BPS payments to farmers from the end of July 2022 with the balance to be paid from December as normal.…
21st March 2022
Extension of plug-in van and truck grants
The government have announced that they will be extending their plug-in van and truck grants for another two years to spring 2025, there will also be changes to the existing plug-in vehicle grants applicable for the funding of larger trucks. From 1 April 2022, the threshold to claim the small truck grant of up…
7th December 2021
Sustainable farming incentive
It is premature to shout from the rooftops “The King is dead. Long live the King” but nevertheless the Single Farm Payment regime is in terminal decline and we begin to see the future in the form of the Sustainable Farming Incentive. Following trials this new scheme will be launched in 2022 with a 10…
4th November 2021
Super early retirement? – Not if under 47 now
The government is to increase the earliest age pension savers can access their pension pots from 55 to 57, wef 6 April 2028. Members of the firefighters, police and armed forces public service schemes will not be affected by this increase.
27th October 2021
Budget: “Hooray for AIA!”
In the Chancellor’s Budget on 27 October 2021 it was announced that the planned date for reducing the Annual Investment Allowance limit from £1m to £200k is being extended from 1 January 2022 to 31 March 2023. This will effect businesses who are planning on investing more than £200k in plant and machinery from January…
8th October 2021
Annual Investment Allowance (AIA) – Maximising tax relief
The chance to take advantage of the generous temporary uplift in the AIA annual limit of £1,000,000 is coming to an end when it is due to revert to £200,000 from 1 January 2022. It is a perfect time to plan to capitalise on claiming 100% tax relief on qualifying purchases without getting caught…
30th September 2021
New Environmental Land Management Scheme
As we move towards the end of the Single Farm Payment and the introduction of the Environmental Land Management Scheme the possibilities for the development of a soil carbon market is attracting attention. Standardisation in the measurement of volumes and permanence of carbon sequestered is badly needed but it is reported that some methods suggest…
26th September 2021
Invitation: Whitings Farming Seminar
We are pleased to announce that our Annual Farming Seminar this year will be held virtually, on 3rd November 2021 at 10.30am. This is in collaboration with Sebastien Mallet, CEO of ODA UK. Agenda 10-30 Welcome from Chairman, Andrew Band 10-45 Sebastien Mallet, ODA – UK & World grain and oilseeds price perspective for…
28th July 2021
Potato store tribunal ruling
In 2019 the first tier tribunal ruled in a case concerning a grain store that the entire structure qualified as plant and consequently gave rise to a capital allowance claim, by reason of it being a silo. As a consequences of this decision there have been a number of claims for capital allowances both in…