26 April 2015 | Online since 2003



7 February 2014|Finance,News,NFU

Seminar tackles taxation challenges


With new taxation challenges emerging for agricultural businesses, NFU Scotland has teamed up with two top Scottish firms to help guide its members as they enter the new financial year.

The Union will join its legal helpline provider, Gillespie Macandrew, and the Union’s taxation partner Johnston Carmichael in hosting a seminar at the Rural Centre, Ingliston on Wednesday 26 February to outline recent and forthcoming taxation changes, and what they may mean for farm businesses.

Changes to the structures of mixed partnerships will be discussed, covering the past benefits of this type of structuring and new rules which are to come into play following the Chancellor’s budget announcement in December. Practical examples will be given of how businesses in the agricultural sector can look to restructure in order to comply with these new rules, whilst maintaining tax efficiency.

Other topics to be covered includes tax on income generated by renewable energy projects.

Speaking ahead of the event, Alex Docherty, director of tax at Johnston Carmichael, said: “There have been major changes to tax rules recently which farming businesses must take into account, to ensure that they are working within the remit of these rules but also operating in a tax efficient structure. This is a valuable opportunity for farmers to hear about how these tax changes will affect their businesses and pose questions to a team of experts.”

Alan White, Legal Director at Gillespie Macandrew added: “Even if you are not affected by forthcoming changes to tax rules, this event will provide the opportunity to hear current thinking, as well as the chance to have an informal discussion with the advisors providing NFU Scotland’s legal and tax helplines.”

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


20 April 2015
Cold Store Operative
Any other dairy duties. “Medina Dairy - a successful and progressive, family-run, business. Medina Dairy operates across 14 d...

24 April 2015
Account Manager
A seasoned Senior Account Mgr role to farm opportunities and build up relationships for HCL in the Banking business. No....

7 April 2015
Reservationist
Accommodation comprises of log cabins spread around lakes with larger farm buildings available for groups and parties. Who We...

8 April 2015
Project Engineer - Contract Position
Define project stages necessary to take a project through to operation. The business is focused on the development of a portf...

24 April 2015
Customer Assistant - Fresh Food - Dairy - Part Time
The Customer is at the heart of everything we do. It s your responsibility to ensure: Customers get the finest shopping journ...



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...