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
Jul 7 2020 How we’ve been supporting our clients, Arbuckle Poultry Ltd Categories: AgricultureCOVID-19Taxation At EQ, along with helping our clients access relevant funding and support, we have continued to provide our usual in-depth tax and business advice, delivering a variety of complex work to ensure our clients flourish. One of those clients is Arbuckle Poultry Ltd, a family run farming business that sits on the boundary between Angus, 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