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Archive for the "Agricultural" Category

The Prince’s Countryside Fund – Grant Giving Programme...

15th January | Posted in: Agricultural, Farming

Sustainable rural businesses could benefit from grants of up to £50,000 from ‘The Prince’s Countryside Fund’ towards costs such as staffing, overheads, training and equipment for projects that ...

commercial building

New Capital Allowance for Commercial Buildings

11th January | Posted in: Agricultural, Business Tax, Planning, Properties

A new 2% straight line tax deduction for the cost of construction or renovation of commercial buildings and structures was announced in the autumn 2018 Budget. HMRC have now issued a technical note se...

Increased Capital Allowances Start 1 January 2019

9th January | Posted in: Agricultural, Allowances, Business Tax, Tax planning

As previously advised, a temporary increase in the Annual Investment Allowance (AIA) to £1 million for expenditure on plant and machinery took effect from 1 January 2019. However, transitional rules ...

New structures and buildings capital allowance for commercial bui...

27th November | Posted in: Agricultural, Allowances, Business Tax, Planning, Properties, Property Investment

A new 2% straight line tax deduction, the structures and buildings allowance, has been introduced for the cost of construction or renovation of commercial buildings and structures. This tax break will...

Annual investment allowance increased to £1 million

27th November | Posted in: Agricultural, Allowances, Business Tax, Planning

The Annual Investment Allowance (AIA), which provides businesses with a 100% write off against profits when they acquire qualifying plant and machinery, has been temporarily increased from £200,000 t...

casual worker

Should you consider casual workers for Auto Enrolment?

12th May | Posted in: Agricultural, Auto enrolment, Payroll

My employee is a casual worker – Do I need to consider Auto Enrolment for them? The Auto Enrolment regime is now in full flow with approximately 102,000 small employers (5-49 staff) having staged in...

land sales

Potential tax trap on land sales

12th May | Posted in: Agricultural, Business Tax, Regulations

Farmers and other landowners will often be approached by house builders seeking to buy their land for a new development. Great care is needed to avoid unnecessary tax charges on this type of transa...

agriculture

Welcome to our Spring Agricultural Newsletter

17th April | Posted in: Agricultural, Company News, Farming

Johnston Smillie are specialist agricultural accountants in Scotland. We would like to share our Spring Agricultural Newsletter, which we hope you will find informative. If you wish to discuss any of...

Farmers and crofters – New subsidy loan scheme deadline

28th September | Posted in: Agricultural, Company News

In May, the Scottish Government came under severe criticism from the public spending watchdog, Audit Scotland, over the excessive delays in paying farmers their 2015 subsidy payments. Rural Affairs Se...

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