Introduction Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds...
Draft legislation has been published giving more insight into how and when proposed restrictions to two major inheritance tax (IHT) reliefs will be implemented. At Autumn Budget 2024 the Chancellor announced plans to reform Business Property Relief (BPR) and...
With the fruit picking season on its way, many agricultural and horticultural businesses will be delighted that the seasonal worker scheme has been extended for 2025. In October last year, the government announced 45,000 temporary visas will be issued this year, with...
Sole-trading farm businesses that earn more than £50,000 per annum have less than a year to plan for the next round of Making Tax Digital (MTD). Making Tax Digital for Income Tax is set to go live on 6 April 2026, and will affect all sole-traders and landlords with a...
According to DEFRA, several grants are available this year and were due to open for applications in the spring. The main funds include: Accelerating Development of Practices and Technologies (ADOPT) This fund opened on 28 April and is providing £20.6m in grants for...
We’ve featured Furnished Holiday Lets (FHL) a number of times over recent years as they have proved popular with farmers looking to diversify their income. However, with changes to the tax regime now enacted, they’re likely to become significantly less popular. Until...
