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Filtered By Category: Agriculture

Jul 20 2020

National Basic Payment Support Scheme 2020

Categories: AgricultureCOVID-19

To support farmers and crofters affected by the COVID-19 pandemic, the Scottish Government has announced that a National Basic Payment Support Scheme 2020 (NBPSS20) will deliver the equivalent of 95% of Basic Payment Scheme (BPS) and Greening monies to farmers as early as September this year. The scheme will give farmers access to vital financial more

Jul 10 2020

Are you interested in diversifying your farming business?

Categories: Agriculture

With the nature of farming being unpredictable and often challenging, more farmers have considered diversifying their business. This could be in the form of renewable energy, holiday lets or even using farm waste to manufacture products. It’s important to consider how this will complement traditional farming practices, how the investment will be funded and the more

Jun 30 2020

Change to Entrepreneurs’ Relief – things just got BADR

Categories: AgricultureCOVID-19

With the country’s attention focused on COVID-19, the change to Entrepreneurs’ Relief (ER) announced in the budget on 11 March has gone largely unnoticed. ER provided a reduced rate of Capital Gains Tax (CGT) on the sale of a business or interest in a business, with the normal rate of CGT being reduced from 20% more

May 29 2020

Main Sponsors of the Scottish Agricultural Show Online

Categories: AgricultureEQ News

As leading providers of accountancy, tax and business advisory services to agriculture businesses across Scotland, we are delighted to be confirmed as main sponsors of the Scottish Agricultural Show Online. The bespoke website for the show will launch on Friday 29th May, with the show itself taking place on 3rd and 4th July 2020. The show will more

Apr 16 2020

Summary of support measures for farming businesses

Categories: AgricultureCOVID-19

Farming businesses will not be immune from the current economic impacts of the COVID-19 pandemic. We’ve summarised below the main support measures which have been announced so far. Self Employed Income Support Scheme (SEISS) Most farmers still trade as a partnership or sole trade and consequently are self-employed. The SEISS is intended to support self-employed more

Apr 10 2020

Scottish Suckler Beef Support Scheme payments underway

Categories: Agriculture

On 4 April, the Scottish Government announced that it will start making payments to those who submitted a Scottish Suckler Beef Support Scheme (SSBSS) claim before 31 December 2019. The SSBSS is designed to maintain beef suckler herds at a level that sustains the commercial beef industry in Scotland and is paid to calves that are at more

Apr 9 2020

Single Application Form window remains unchanged

Categories: Agriculture

Scottish Government Rural Payments and Services have recently released up to date guidance confirming that the 15 May deadline for submission of this year’s Single Application Form remains unchanged despite restrictions imposed by COVID-19. They are encouraging applicants to apply online at the earliest opportunity to avoid last minute problems. Applicants are also reminded that more