Latest Agriculture

Set in Stone… or at least, paper. On 21st July 2025 the government published the long-awaited policy paper on changes to Inheritance Tax Agricultural Property Relief (APR) and Business Property Relief (BPR) following the Autumn 2024 Budget.   Despite much lobbying from farmers, professionals and industry leaders, and indeed a lot of wishful thinking, there…

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…

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…

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…

As we all come to terms with the announcements made in the Autumn Budget, here are some simple Inheritance Tax planning tips to consider. Firstly, anyone can benefit from gift allowances.   Those farmers fortunate enough to have cash can give some away to reduce their estate as follows: £3,000 Annual Exemption This can be…

There’s Always Something! Welcome to Issue 26 of our Farming Group Newsletter for Spring/Summer 2025, our first since the shock Inheritance Tax (IHT) announcements were made in the Autumn Budget 2024. Ironically for many, the autumn, winter and spring conditions so far, despite a few pockets of wet and dry spells, have probably been the…

Thinking of employing young workers over the summer? Here’s what you need to know…   In the UK, a young person is defined as anyone under the age of 18. This would include employees on an apprenticeship, or someone you employ for work experience.   Legally, children under the age of 13 are prohibited from…

Funding Opportunity: Grants of up to £25,000 available for Fenland businesses If you’re a business owner in Fenland, now’s the time to explore funding that could help you grow, improve productivity, and create or safeguard jobs.   Fenland District Council is offering grants of £5,000 to £25,000 through its ‘Investment in Business’ programme. These grants…