Tax bill to pay tonight.

Nearly

Member
Location
North of York
If you’d bought another battery to start two instead of one of any of the six tractors you have, you wouldn’t have paid any tax at all!

………But then you would have made a loss, instead of £2.20 profit.
All bragging rights down the pub gone!
I work on the basis that if you pay them something now and again, they are less likely to come and look than making a loss every year. ;)
Next year will be a trading loss with fert at £700. :(
 

CPF

Member
Arable Farmer
Do not forget to get out there spending to save tax next year.
On plant and machinery .
By using 130 super deduction this will qualify for a130% capital allowance and 50% first year allowance.
Which will be ending at end of March
Look it up at GOV.UK
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 114 38.6%
  • Up to 25%

    Votes: 112 38.0%
  • 25-50%

    Votes: 42 14.2%
  • 50-75%

    Votes: 6 2.0%
  • 75-100%

    Votes: 4 1.4%
  • 100% I’ve had enough of farming!

    Votes: 17 5.8%

Expanded and improved Sustainable Farming Incentive offer for farmers published

  • 103
  • 0
Expanded Sustainable Farming Incentive offer from July will give the sector a clear path forward and boost farm business resilience.

From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024

s300_Farmland_with_farmFarmland_with_farmhouse_and_grazing_cattle_in_the_UK_Farm_scene__diversification__grazing__rural__beef_GettyImages-165174232.jpg

Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...
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