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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Payment timings for Mid/Higher Tier
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<blockquote data-quote="Wooly" data-source="post: 5902238" data-attributes="member: 3924"><p>I've had this discussion with my accountant. </p><p></p><p>Now only add the payments to the accounts once it has been paid. No point in paying tax on a promised payment.</p><p></p><p>It's not quite so important now with 5 year averaging.</p><p></p><p></p><p>The whole CSS payment agenda is a complete shambles. I certainly wouldn't recommend any farmer entering it if they have a choice. The time spent on administration and CSS expense to comply to the scheme, is beginning to not justify the effort and reward of the scheme.</p></blockquote><p></p>
[QUOTE="Wooly, post: 5902238, member: 3924"] I've had this discussion with my accountant. Now only add the payments to the accounts once it has been paid. No point in paying tax on a promised payment. It's not quite so important now with 5 year averaging. The whole CSS payment agenda is a complete shambles. I certainly wouldn't recommend any farmer entering it if they have a choice. The time spent on administration and CSS expense to comply to the scheme, is beginning to not justify the effort and reward of the scheme. [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Payment timings for Mid/Higher Tier
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