Silencing the lambs - II
Cockburn, R
Silencing the lambs - II - 2001 - Taxation 147(3806) 10 May 2001, 140-143(4) .
Second part of a two part article examining the tax repercussions of the foot and mouth crisis. Continues the discussion of tax issues for farmers with reference to stock valuation and altering accounting dates as a tax planning device. Also considers tax implications for non-farming businesses and raises the issues of self assessment payment s on account, staff redundancies and stock values. Highlights the additional costs of accommodation, disinfection and advertising, looks at staffing issues for accountancy firms and capital gains tax in the event of business closure, and concludes that advisers of farming and non-farming businesses have an important duty to provide accurate tax advice.
FOOT-AND-MOUTH DISEASE
TAXATION
RURAL BUSINESSES
STOCK VALUATION
MANAGEMENT-BUSINESS MANAGEMENT-FINANCIAL MANAGEMENT-ACCOUNTING
REDUNDANCIES
COMPENSATION
CAPITAL GAINS TAX
TAX PLANNING
Silencing the lambs - II - 2001 - Taxation 147(3806) 10 May 2001, 140-143(4) .
Second part of a two part article examining the tax repercussions of the foot and mouth crisis. Continues the discussion of tax issues for farmers with reference to stock valuation and altering accounting dates as a tax planning device. Also considers tax implications for non-farming businesses and raises the issues of self assessment payment s on account, staff redundancies and stock values. Highlights the additional costs of accommodation, disinfection and advertising, looks at staffing issues for accountancy firms and capital gains tax in the event of business closure, and concludes that advisers of farming and non-farming businesses have an important duty to provide accurate tax advice.
FOOT-AND-MOUTH DISEASE
TAXATION
RURAL BUSINESSES
STOCK VALUATION
MANAGEMENT-BUSINESS MANAGEMENT-FINANCIAL MANAGEMENT-ACCOUNTING
REDUNDANCIES
COMPENSATION
CAPITAL GAINS TAX
TAX PLANNING