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Taxation

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Struggling to meet your tax bill? Act now 26 Jan 2012

If you’re likely to have difficulty meeting your 31 January 2012 tax payment then you should be taking action now. read more..

Go online to file on time 20 Jan 2012

HMRC has issued a reminder to anyone who hasn’t sent in their 2010/11 self-assessment form. Find out how you can still beat the January 31 deadline here. read more..

Thinking of purchasing machinery before 5 April 2012? 16 Jan 2012

If you are considering purchasing machinery before 5 April 2012 the way in which tax relief will be given may be more complicated than you think. You should therefore take professional advice before committing to any major purchase to ensure that you have all the facts. This article highlights some of the points which may be relevant. read more..

HMRC to increase the frequency of PAYE online returns 12 Jan 2012

HMRC intend to increase online filing requirements for PAYE. The NFU has opposed the draft legislation which does not address the difficulties of online filing for rural businesses. read more..

Changes to 'investment' relief – affected? 06 Dec 2011

Planning a machinery or plant purchase? Then you need to know about changes to the Annual Investment Allowance which could affect your timing. read more..

HMRC's online VAT returns proposal 01 Nov 2011

The NFU has strongly opposed the introduction of mandatory online filing of VAT returns for all VAT registered businesses. We have argued that alternative methods must continue to be available for those business owners who would experience real difficulties with online filing. read more..

Tax deadline reminder - 31 July 2011 12 Jul 2011

The 31 July is an important date both for tax payments and for renewing tax credit claims. This article outlines what action you may need to take. read more..

New APR tax case 27 Jun 2011

News of an APR win for the taxpayer on a farmhouse. read more..

Warning to gangmasters over tax avoidance 19 Apr 2011

HMRC double specialist officer numbers to crack down on labour providers who fail to pay tax. read more..

Employers urged to beat May deadline 19 Apr 2011

Reminder from HMRC to file Employer Annual Returns (P35 and P14s) online by 19 May. read more..

EU Energy Taxation Directive and its effect on red diesel 13 Apr 2011

A proposal for amendments to the EU Energy Taxation Directive has been published by the EU Commission today. Its aim is to shift taxation towards energy and climate change objectives and away from the traditional taxation of labour, by reducing energy consumption, encouraging greenhouse gas emission reduction and increasing the use of renewables. read more..

Spring PAYE alert for employers 07 Apr 2011

HMRC has issued an alert to employers about key PAYE changes which come into force this spring. read more..

Budget 2011 - tax, planning and the economy 30 Mar 2011

Following the government’s emergency budget in June 2010, which was all about reducing public spending, this year’s Budget was billed as a “Budget for Growth”. The Chancellor’s main aim was to put in place measures which would encourage and stimulate read more..

Our response to the 2011 Budget 23 Mar 2011

NFU President Peter Kendall has responded to the Chancellor’s Budget announcements today. read more..

NFU Budget submission 08 Mar 2011

We've written to the Chancellor of the Exchequer outlining what we’d like to see in the Budget later this month. read more..

PAYE consultation on 'real time' PAYE reporting 25 Feb 2011

HMRC proposals for changes to the PAYE system could hurt small farm businesses, the NFU has said. Find out what's up for discussion and take our survey here. read more..

Taxman looks at empty business properties 14 Feb 2011

We need your help to make a compelling case on a change to the tax rules which could affect members with empty business properties. read more..

Changes to tax relief on plant and machinery: Briefing 02 Feb 2011

The annual investment allowance gives tax relief for expenditure on plant and machinery in the year it is incurred. However the government intends to reduce the level of the annual investment allowance from 2012. Read a briefing here. read more..

NFU tax submissions 19 Jan 2011

The NFU has made two submissions in response to proposed reforms of the UK tax regime by the Treasury Committee and Office of Tax Simplification. read more..

Furnished holiday lets - new rules 14 Dec 2010

HMRC has published the results of its consultation on furnished holiday lettings. While most of proposals will go ahead, lobbying from the NFU has helped to win important changes. read more..

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