How will the 2015 budget affect you as a farmer
David Missen, Head of the Agriculture Sector at MHA, the UK-wide association of accountancy and business advisory firms, says that farmers need to do some serious planning in response to new Annual Investment Allowances and tax arrangements on dividends unveiled in yesterday’s Budget announcement. Here’s his review of the main changes affecting the agriculture sector. Business […]
RenewableUK slams Chancellor’s retrogressive budget announcement
RenewableUK, the trade association representing the wind, wave and tidal energy industries, has strongly criticised the Chancellor’s announcement in his budget speech that he is retrospectively changing the rules governing the Climate Change Levy – a measure which was originally designed to promote the generation of clean energy. RenewableUK’s Director of Policy, Dr Gordon Edge, […]
2014 budget – NFU statement
The NFU says the Chancellor’s announcement to double the rate of the Annual Investment Allowance is welcome news for agriculture but it would have been better if George Osborne had made it a permanent fixture. In his speech today, Mr Osborne doubled the allowance to £500,000 and extended it until 2016 but the NFU says […]
REA comments on Budget 2014
Chancellor George Osborne has hailed the role of renewables and energy efficiency in reducing energy costs – but risks undermining investment in renewables by freezing the Carbon Price Floor. Responding, REA Chief Executive Dr Nina Skorupska said: “We welcome the Chancellor’s acknowledgement that the way to bring down energy costs over the long-term is to […]
Slashing energy efficiency grant for traditional housing ‘very disappointing’
The Association said cutting the grant – part of the Energy Company Obligation (ECO) – will mean many traditional properties will now fail to reach the required minimum energy performance level by 2018. CLA President Henry Robinson said: “The insulation product required for traditional solid walled properties tends to be made from natural fibres which […]
Autumn Statement – NFU reaction
Moves to freeze fuel duty rises and extend small business rate relief in addition to the previously announced employment allowance could all play a part in helping farming’s profitability in the future. “But there is also a missed opportunity here. Long term demand for food is growing and we’ve got a natural advantage when it […]
Tax cuts welcomed by rural businesses
Rural businesses will welcome today’s decision to abolish the fuel duty escalator and cut the employers’ national insurance contribution, according to industry experts. The cuts, announced by Chancellor George Osborne in his 2013 Budget this afternoon, will see the planned 3% fuel tax rise in September cancelled. Employers’ national insurance will be reduced by an […]
NFU looks to Cameron to treat farmers fairly during EU Budget negotiations
European leaders will meet in Brussels this week (February 7-8) to try and reach a unanimous agreement on the EU’s long term budget for the period 2014- 2020. The amount of money assigned to the Common Agricultural Policy (CAP) and a number of policy concerns relating to the future CAP are among the issues to […]
