Single farm payments
Butler, Julie
Single farm payments - 2005 - Taxation 155(4019) 4 August 2005, 495-497(3) .
Provides a practical guide to the tax implications of the Single Farm Payment. Covers income tax, accounting treatment, changes to and planning for the ten month period, early receipt of the single payment, non-compliance provisions, Inland Revenue Business Economic Note 19 on stock valuation, capital gains tax, inheritance tax, VAT, limited companies, sales of entitlements within the company and taxation and the landowner. Concludes with a five point action checklist. Includes examples. Refers to the HM Revenue and Customs (HMRC) Special Bulletin June 2005, available on the HMRC website, www.hmrc.gov.uk/bulletins/
Single farm payments - 2005 - Taxation 155(4019) 4 August 2005, 495-497(3) .
Provides a practical guide to the tax implications of the Single Farm Payment. Covers income tax, accounting treatment, changes to and planning for the ten month period, early receipt of the single payment, non-compliance provisions, Inland Revenue Business Economic Note 19 on stock valuation, capital gains tax, inheritance tax, VAT, limited companies, sales of entitlements within the company and taxation and the landowner. Concludes with a five point action checklist. Includes examples. Refers to the HM Revenue and Customs (HMRC) Special Bulletin June 2005, available on the HMRC website, www.hmrc.gov.uk/bulletins/