Payroll Updates 2024-25
For the 2024-5 tax year personal allowances will yet again remain the same at £12,570.00 per annum
New Minimum Wages Increases
April 2023 April 2024
Apprentice …
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Latest News
Latest News
The 2024 Revenue Claim window for Countryside Stewardship and Environmental Stewardship, is NOW OPEN, and you have until 11:59pm on Wednesday 15th May 2024 to submit your claim without reduction.
*Before submitting your claim, don’t forget to update your land use codes by signing into the Rural payments Service.
For more information about submitting your claim, click here.
This year is the first year BPS payments are delinked. This means there will be no requirement to submit a Basic Payment Scheme (BPS) application window in 2024.
Businesses will automatically receive the delinked payments if you have previously claimed BPS in 2020, 2021, 2022 and 2023 and you will continue to receive a delinked BPS sum automatically, each year until 2027. Each year the sum received will be a reducing sum each year, as progressive reductions are applied. Payments will be made in two sums, 50% paid from the 1st of August, with the remaining amount paid from 1st December.
This is an app that can easily pinpoint your location by using three unique words. It is free to use and does not require any phone signal or internet connection, once you have downloaded the app. What3words is also available to use on a web browser if you prefer not to download the app (however to do this, requires internet connection).
How does it work?
What3words has allocated every 3-metre squares of the world, a combination of three easy-to-pronounce unique words. These words can be saved and shared with others to allow you to find precise locations, as accurate as GPS coordinates.
For example, the…
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Basis Period Reform
What is it?
HMRC has announced a reform in the basis period to take effect from the 2024/25 tax year. Businesses currently draw up annual accounts to the same date each year called their ‘accounting date’. From 2024/25 annual accounts will have to reported for the tax year 06/04/2024-05/04/2025 rather than by the accounting period, with a transition year in the 2023/24 tax year.
Who will be affected?
It will affect self-employed traders, partners in trading partnerships & all other unincorporated businesses with trading income such as trading trusts & non-…
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DEFRA have now published their guidance on applying for the 2024 Farming Equipment and Technology Fund and the application window will open shortly.
About the Fund
The Fund provides grants for equipment and technology that supports improvements in:
Productivity Slurry Management Animal Health and WelfareThis is a competitive grant, and you can apply for one grant for equipment under one of the three themes above.
Successful applicants will receive a grant of:
A minimum of £1000 and a maximum of £50,000 towards productivity items (increase from last year)A minimum of £1000 and a maximum of £50,000 towards… Read More
Did you know?
From April the National Living Wage Age banding is applicable to any employee aged 21, a change from 23 as it was previously.
The following NEW National Living Wage and Minimum Wage Rates will apply from April 1st 2024:
21 yrs and over = £11.44/hour
18-20 = £8.60/hour
16/17 = £6.40/hour
Apprentices under 19/over 19 (during their first year) = £6.40/hour
Help raise awareness of the important role farmers play in the conservation of farmland birds and take part in this annual three-week event to record bird species and numbers on your farm.
All you need to do is simply:
Download your count sheet Count and record the birds you see on your property Submit your results onlineTo download your count sheet and learn more about the event, click here.
This event is organised by the Game & Wildlife Conservation Trust (GWCT) and sponsored by the National Farms Union (NFU).
Further to our previous update about the upcoming Improving Farm Productivity Grant, the application window is now open for both robotic and automated equipment and solar equipment.
Details of this grant scheme can be found here. Improving Farm Productivity grant Round 2: applicant guidance - GOV.UK (www.gov.uk)
UPDATE: DEFRA have decided to increase the proportion of the costs that the grant will cover, to 50% rather than 40% for robotic and automated equipment. Meaning the grant will cover more of the total project costs, than it did in Round 1.
Payment of costs for solar equipment will remain the same at 25%.
GRANT…
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What we know so far:
At present, there is no need for waste exemption documents and record keeping to be maintained such as evidence of quantities etc, ONLY waste transfer notes. However, this may change. Exemptions are no longer allowed on permitted sites Limits are now imposed on the number of exemptions applicable to one site – this is to avoid operation of a permitted site without the required PP and regulationKey changes for farmers to be aware of:
U1 – Use of waste in construction
Change in waste types and quantities Wood waste will be restricted to plant tissue only*There…
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