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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Anyone Received Environmental Payments for 2019
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<blockquote data-quote="farmerm" data-source="post: 6707627" data-attributes="member: 7195"><p>very much madness!! for all I know they many have overpaid us and will want some back <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite44" alt=":banghead:" title="Bang Head :banghead:" loading="lazy" data-shortname=":banghead:" /> I don't even budget for ELS money arriving, have to treat it like a bonus when it does! I wonder what advantage would there be in treating unpaid ELS money as owning anyhow? Surely that would bring it into the profits figure a year earlier than otherwise necessary and thus assuming the business makes a profit, the money is then taxed on a year early? Really I don't think it can ever be owning, if you read the small print on the original agreement ( as least on ours) there is absolutely no commitment as to when ELS money would be paid beyond the initial payment! Contractually I think they could just sit on the money almost indefinably if they ever chose to do so! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll Eyes :rolleyes:" loading="lazy" data-shortname=":rolleyes:" /> No wise business man would agree to such terms if it was a contract with another business or induvial.</p></blockquote><p></p>
[QUOTE="farmerm, post: 6707627, member: 7195"] very much madness!! for all I know they many have overpaid us and will want some back :banghead: I don't even budget for ELS money arriving, have to treat it like a bonus when it does! I wonder what advantage would there be in treating unpaid ELS money as owning anyhow? Surely that would bring it into the profits figure a year earlier than otherwise necessary and thus assuming the business makes a profit, the money is then taxed on a year early? Really I don't think it can ever be owning, if you read the small print on the original agreement ( as least on ours) there is absolutely no commitment as to when ELS money would be paid beyond the initial payment! Contractually I think they could just sit on the money almost indefinably if they ever chose to do so! :rolleyes: No wise business man would agree to such terms if it was a contract with another business or induvial. [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Anyone Received Environmental Payments for 2019
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