Watch it back: ‘Virtual Breakfast’ Q&A with Head of Rural, Andrew Vickery and Rural Tax Adviser, Catherine Vickery
Thank you to everyone who joined our ‘Virtual Breakfast’ Q&A on Friday 15 May, and for those who asked us a question.
In this session we featured the below topics and we’ve highlighted the time they were discussed so you can get to that section with ease.
As a dairy farmer, I haven’t lost any significant income over the last couple of month but I have heard there is a grant for dairy farmers, what is it and can I take advantage of this?
We are setting up a new farm shop delivery enterprise, is purchasing stock from our own farm allowable and can we use the SEED EIS scheme?
I furloughed my herdsman because we reduced our number of milkings. He is currently working elsewhere, can I now wait until October before reinstating him on the farm?
Can I bring my labourers back part time?
I want my worker back but have heard that I have to share in paying them, is this correct?
Is the support scheme easy to apply for?
I don’t think I am eligible, should I check anyway?
Where can I find my Unique Tax Reference number?
I checked my eligibility, but it said no. I disagree with this, can I appeal?
How can I appeal?
I have managed to access some grant money do you know if this is taxable?
Are there any implications for claiming bounce back loans and other opportunities simultaneously? (39:45 )
Am I right in thinking that I shouldn’t expect a tax investigation at the moment?
I’m in the middle of a tax investigation, what’s going to happen to this?
I am selling or have just sold my farm, is there anything tax or accountancy related that I need to think about?
In the rural update you talked about critical dates, can you discuss more about this? What dates do I need to think about in terms of cash flow?