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FC Wales smooths passage to important woodland

With its fascinating historical features, enchanting scenery and strong links to the end of the last major ice age, i Parkwood on the Gower is a popular tourist location. Forestry Commission Wales has stepped in to ensure a smoother passage into this environmental jewel after the Welsh Government woodland became the victim of its own alluring beauty. The road allowing access to the site of special scientific interest (SSSI) was showing signs of serious wear and tear, with badly pot-holed areas testifying to Parkwood’s popularity.

 
Saffery Champness comment on CAP Reform announcement

Commenting on the announcement on CAP Reform by EU Farm Minister, Dacian Ciolos, Andrew Arnott, a partner of  Saffery Champness Landed Estates & Rural Business Group says: “There was not much in the announcement that had not already been leaked. However, it confirms the intention to distribute subsidies more evenly by way of a cap on payments to farmers at 300,000 euros (£261,240) per year.  A progressive levy, to be applied on all payments exceeding 150,000 euros (£130,620), was also announced as a proposal. Assuming that the proposals will be approved by both the EU parliament and all member states, this will be bad news for many large arable farmers and some medium scale farming businesses, including those in the uplands.It remains to be seen whether the ‘sustainable and inclusive growth’ for European agriculture can really be achieved through these proposals.  I think they could, as they stand, have the opposite effect, acting as a disincentive to invest for farm businesses that are highly-mechanised with lower staffing levels”.

 
Leaked proposals for the reform of CAP entitlements

News has recently been leaked from the European Commission that farmers who claim more than €150,000 from the direct support element of the CAP (Pillar1), will see their entitlement payments progressively capped.  Commenting on the leaked proposals Mike Harrison, a partner of Saffery Champness Landed Estates & Rural Business Group, says: “There is a strongly worded proposal for progressive cuts in the entitlement payments above €150,000 ( £127,000) with a cap of €300,000 (£255,000)”.   Whilst the new regulations will apparently incorporate an allowance which reflects the farm’s wages bill, which is welcome news and should mean that both larger and smaller farms are treated equally, there will be a discrimination for those using external contractors

 

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Home Farm finance & grants
Farm finance
31st January Tax Return Deadline PDF Print E-mail
Written by Ian Hayes   
Saturday, 21 January 2012 18:51

  Time running out to file accounts, says Saffery Champness

 Saffery Champness is reminding landowners, farmers and rural businesses that the new tax penalties for self-assessment returns are now in force for late filing of self-assessment tax returns. Mike Harrison, a partner of Saffery Champness Landed Estates and Rural Business Group, says: “The deadline for taxpayers registered for Self-Assessment to file on paper for the 2010/2011 tax year expired on the 31st of October, but they can still file on-line up to midnight on the 31st of January 2012”.

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Use New Year break to consider succession issues, says Saffery Champness PDF Print E-mail
Written by Ian Hayes   
Monday, 02 January 2012 10:52

Mike Harrison - Saffery Champness

UK top 20 accountancy firm Saffery Champness says that as succession remains a major concern for owners of estates, historic properties and other land based businesses, and will continue to be so, Christmas and the New Year break provide a good opportunity for families to set time aside to discuss this vital issue and its wider implications. The succession of landed estates and heritage properties has long been an over-riding concern, according to the Saffery Champness Landed Estates and Rural Business Group.  Succession planning is often at the top of the agenda at meetings with trustees and owners of properties who are concerned that the next generation is well placed and prepared to take forward what have often become increasingly complex businesses.

Last Updated on Monday, 02 January 2012 11:00
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Investor relief for new hydro and AD schemes PDF Print E-mail
Written by Colin Thomson   
Saturday, 10 December 2011 08:54

 Anaerobic digestion plant

Saffery Champness has commented on the announcement by the Government (on 6/12/2011), clarifying the grey area over whether Enterprise Investment Scheme (EIS) relief would be available for new hydro and anaerobic digestion schemes in receipt of Feed in Tariffs (FiTs) going forward.

Last Updated on Saturday, 10 December 2011 09:18
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Forest values climb upwards PDF Print E-mail
Written by John Vaughan   
Wednesday, 30 November 2011 10:04

Forest values are lifting

 Forestry, which is often seen as a safe investment in uncertain times, is proving an excellent option during the on-going financial crisis, according to a report by Savills and UPM Tilhill. The Forest Market Report 2011, which was launched in London on 29 November and Edinburgh on 30 November, says the strength of the forest market over the past 12 months will be no surprise to those in the industry who have long believed in the potential of the underlying investment returns.  As a medium to long-term investment, forest prices are low risk and generally not susceptible to short-term fluctuations.

Last Updated on Wednesday, 30 November 2011 10:08
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Rural measures lift Chancellor's Autumn Statement PDF Print E-mail
Written by Ian Hayes   
Wednesday, 30 November 2011 09:46

 

 Richard Cartwright   Andrew Arnott - Saffery Champness

Any predictions for reducing the top level of income tax, help for savers or other headline measures were short lived in an Autumn Statement delivered by Chancellor George Osborne yesterday and aimed at keeping interest rates as low as possible whilst continuing to rebalance the UK economy”, Andrew Arnott of Saffery Champness, says:  “One - and perhaps the only measure of interest to rural businesses  -  is the cancellation of the planned fuel duty increase from 1 January 2012, and a reduction in the next rise in August 2012 to be limited to 2p.

Last Updated on Wednesday, 30 November 2011 10:03
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