IHT review could impact on farmers

The current review of the Inheritance Tax (IHT) system by the Office of Tax Simplification (OTS) could be of particular relevance for farmers and the landed estate sectors. In its scoping document, the OTS says that the overall aim of

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Landowners could lose £150 million a year in post-Brexit shake-up of farming subsidies

The Government has launched a consultation paper on the Future of Food, Farming and the Environment, encouraging landowners to give their views on the proposals. It had been announced that famers will continue to receive the £3 billion they currently

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Farming subsidies to be based on ‘public goods’ post-Brexit, says Environment Secretary

Speaking at the Oxford Farming Conference earlier this month, the Environment Secretary, Michael Gove said that following Brexit the Government intended to replace the Common Agricultural Policy (CAP) with payments based on ‘public goods’. These could include schemes from planting

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Farmers could be crippled by large fines if they fail to meet health and safety standards

More than 30 agricultural workers were killed last year, giving the sector worst fatality rate among the UK’s professions – in fact, the fatality rate is 18 times higher than the average figure across all industry sectors. With this in

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Glyphosate licence renewed

A hand-picked selection of farms from across the UK have been chosen as part of the first wave of so-called Strategic Farms, aimed at improving productivity. Assisted by the Agriculture and Horticulture Development Board (AHDB) the group of 13 farms

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Initiative rolling out to increase UK farming productivity

A hand-picked selection of farms from across the UK have been chosen as part of the first wave of so-called Strategic Farms, aimed at improving productivity. Assisted by the Agriculture and Horticulture Development Board (AHDB) the group of 13 farms

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Tight deadline for grant scheme causes farmers to abandon applications

Additional funds made available to farmers to pay for slurry grants have been criticised after it emerged that farmers were abandoning the scheme as it had proven impossible to meet the scheme’s strict deadlines. Farmers from across the UK were

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More than 1,000 basic payments remain outstanding following Rural Payments Agency delays

Basic Payment Scheme (BPS) claims dating back to 2015 have still not been paid by the Rural Payments Agency (RPA) for 1,200 people. The RPA, which has already been levied with a fine of £661m by the European Union for

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Euro exchange rate set with 2016 Basic Payment Scheme payments to begin in December

The euro exchange rate for the 2016 Basic Payment Scheme (BPS) has been set, ahead of the start of the payment window in December. English BPS payments are set in euros before they are converted into sterling. This year the

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Nearly £50 million claimed following farm fires in 2015

Here at Smailes Goldie Turner we have extensive experience of advising businesses in the farming sector and are familiar with the full range of financial risks faced in the sector.

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