28 April 2015 | Online since 2003



21 March 2014|Finance,News

Budget will disappoint Welsh farmers, says FUW


Emyr Jones

Welsh farmers will be extremely disappointed that the Chancellor ignored mounting pressure to cut fuel duty in this week's Budget, Farmers' Union of Wales president Emyr Jones said.

"Although he announced the fuel duty rise planned for September will not happen, we are naturally concerned that he didn't go further and cut duty by a few pence in a budget aimed at 'building a resilient economy'.

"The biggest expense for farmers and anyone else living in rural areas is fuel costs so it is extremely disappointing that his decision to freeze duty for a fourth year will do little to help businesses in our rural communities to prosper.

"Fuel costs are unavoidable and are becoming more and more difficult to bear for those living and working in rural areas," Mr Jones added.

Welcoming the Chancellor's decision to increase the maximum tax relief - from £250,000 to £500,000 -under the Government's Annual Investment Allowance (AIA) scheme, Mr Jones said it would highlight that many agricultural and construction firms are unaware of how much they are entitled to claim against newly-purchased machines and are already missing out.

"A recent survey by machinery manufacturers JCB revealed that out of 250 businesses surveyed only five (two per cent) correctly answered that they could claim through the scheme so it would have helped considerably if the Chancellor had announced it was to become permanent to allow rural industries to make proper future plans.

"The JCB survey showed there's confusion in the construction and agricultural sectors over the size and eligibility of the available tax relief. It seems that some financial advisers have been slow in coming to terms with the new rules and some tax-saving opportunities have already been lost.”

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


24 April 2015
Tractor Driver & GFW
Tractor Driver and General Farm Worker Required on mixed dairy farm. Please contact on 07773-357468 (Templecombe area)....

20 April 2015
Equine Business Manager
The Agribusiness division of Glanbia, employing over 400 people, is the number one supplier of farm inputs in Ireland, throug...

14 April 2015
Production, Technology and Development (PTD) Manager
Home to some of the UK's leading dairy brands, including Cravendale, Anchor, Lurpak and Tickler, Arla Foods is the UK's numbe...

10 April 2015
International Account Director
In addition to the top-level training and working on pioneering campaigns, we work across a myriad of the great and good in n...

13 April 2015
Counter/ Food Service Assistant
For example, nut, dairy or wheat allergies. To provide excellent customer service from food service counters in a busy presti...



Top stories you may have missed
10 April 2015 | Agri Safety

The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...


10 April 2015 | Dairy

The abolition of milk quotas in Europe on 1st April has resulted in a numbe...


10 April 2015 | Cattle

The top 14 milk producing countries in Europe will increase their productio...


10 April 2015 | News

Matt Ware is the NFU's head of government and parliamentary affairs, based ...


10 April 2015 | Arable

There is a 'desperate need' to improve farmgate returns given low incomes a...


9 April 2015 | Arable

Rapid stem extension, after a slow start to spring, is likely to create spl...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...


8 April 2015 | Cattle

Cogent’s reputation as a source of the highest calibre sires has been enhan...


8 April 2015 | Arable

The spread of exotic and aggressive strains of a plant fungus is presenting...


7 April 2015 | Animal Health

The FSA’s new Food Crime Unit wants the industry to share information, some...