Tax Allowances for Caravans Used in the Business

Tax Allowances for Caravans Used in the Business

We originally published this post on caravans used in the business on 21 June 2017 and updated it on 8 May 2024 for freshness, accuracy, and comprehensiveness. You can claim tax relief, known as capital allowances, for plant and machinery that you keep to use in your...
Farmers Reminded to Register for Waste Exemptions

Farmers Reminded to Register for Waste Exemptions

Natural Resources Wales (NRW) is reminding farmers to register for or renew their waste exemptions. All farmers who manage waste need to be registered with NRW. The majority, who last registered in late 2016, will now need to renew their exemptions, as registration is...
Farmers Using Drones

Farmers Using Drones

Forward-thinking farmers are now using drones to help with the maintenance of their farms, but it is important that they understand the responsibilities and legal requirements that come with their use. Drones are an efficient use of technology to remotely monitor what...
Agricultural Flat Rate Scheme – Do You Qualify?

Agricultural Flat Rate Scheme – Do You Qualify?

Farmers may be eligible to apply for the Agricultural Flat Rate Scheme, as an alternative to voluntarily registering for VAT. Joining the scheme means that you can add a 4% Flat Rate Addition (FRA) to Vat-registered customers when supplying any of the qualifying goods...
Prepare for the Unexpected with a Lasting Power of Attorney

Prepare for the Unexpected with a Lasting Power of Attorney

Naming someone to take care of your finances in the event of incapacitating illness or injury, ensures you retain control of your business and can save substantial legal fees. A lasting power of attorney (LPA) is a legal document that lets you choose people you trust...