Author Archives: William Robinson

Payment of deferred VAT due to Coronavirus

With over half a million businesses taking the option to defer the VAT payable between 20 March 2020 and 30 June 2020, now is the time to consider your options with a view to making the payment of this VAT. If you deferred the VAT payment and still haven’t paid this to HMRC, you can…

Should I change farming type to be more profitable? Beef to dairy, sheep with cows?

sheep, beef, equipment

As a farmer it can be tempting to think the grass is greener on the other side of the fence. You see your peers doing things differently – different livestock, meat over dairy, or diversifying their income and mixing it up. Although it may seem a desirable option for your business, there may be situational…

Funding opportunities for Farmers

Many businesses are having to grow a thick skin and build resilience during these difficult times. If anyone knows about building resilience through uncertainty, it’s Farmers, who are often forced to rapidly adapt to the circumstances of the year as it unfolds.  We know from our experience working with Farmers, finance can be the biggest…

Covid Council Grants

If you fall within the business sectors asked to close as a result of the November “lockdown” and haven’t already claimed either the Local Restrictions Support Grant (Closed) or the Additional Restrictions Grant, both administered by your local council, then you should apply as soon as possible. The list of potentially affected business types can…

English Coronavirus Dairy Response Fund Opens

On 18th June the application for the Dairy Response Fund opened. The good news is that it is finally here with an eligibility checker. The bad news is that many producers adversely affected by the Pandemic are still excluded from claiming. If you have seen a fall in milk price of more than 25% between…

Farming – UK Government announces trade tariff rates in the event of a No-Deal Brexit

Thinking about Farming during 2020, no one can escape the effects being seen from Coronavirus, with some producers affected significantly more than others. The average output from Agriculture in 2020 is anticipated to stay stable, but there are extremes from this. Milk price for April 2020 has ranged from generally 17p to 32p (ignoring the…

Job Retention Scheme – 1 week on

With the Coronavirus Job Retention Scheme (CJRS) opening for claims on Monday 20th April, Saint & Co have already made many claims on behalf of our payroll clients for furloughed staff costs. While the claim process is relatively straight forward, from our experience last week of actually making the claims in practice, there are a…

Making Tax Digital (MTD) and Farming

MTD, farming, VAT, Xero

As you will have no doubt heard, HM Revenue & Customs (HMRC) are introducing a new way to file a business’ VAT returns from 1 April 2019. For VAT registered businesses with a turnover over the VAT threshold, currently £85,000, this is generally mandatory – there are exceptions, via religious beliefs, age exception and internet…