FUW warns farmers and rural business owners about VAT scam letter
The Farmers’ Union of Wales is warning members and rural business not to respond to a scam letter issued by ‘UK Data Control’ asking for details of missing VAT numbers. The official Government looking letter asks for confirmation of VAT numbers and other business details. However the small print within the letter confirms that by […]
Does your diversification venture make the farm one business or two?
All business activities carried out by a VAT registered business come under the same registration. However where a new venture is carried out by a separate business, owned by, say, one of the partners of a partnership, and turnover is below the VAT registration threshold (currently £77k) then VAT is not payable. There are rules […]
