The Autumn Budget has certainly triggered a lot of questions and concerns from our clients. Particularly from farmers whose estates may now be subject to Inheritance Tax when they die, whereas previously there were good tax reliefs to protect their estates. If you are a farmer and are concerned about how this might affect you...

In this article, Partner Andrew Wayness brings important news of changing tax treatment for double cab pick-ups, outlining the considerable implications for both employers and employees. In February 2024, HMRC announced that double cab pick-up trucks would be treated as cars for tax purposes, and then swiftly did a U-turn on this decision following industry...

According to The Pensions Regulator, there are employers who take on seasonal or other temporary workers who are not following the workplace pension rules correctly. If you hire short-term workers, what steps should you be taking?  Pamela Singh advises. Summer is of course a peak time for taking on seasonal staff. One thing you should...

You keep various animals for a new fresh produce business. But you may be unaware that there are options as to how the animals are treated for tax purposes.   Elaine Wight from our Accounts Deptartment in Hawick looks at the options. Animals By default, farm animals are treated as trading stock. However, some animals are...

JRW get Biggar It is a great pleasure to introduce a brand new addition to the JRW team to you, agriculture and road haulage specialist David Clarkson. Highly experienced chartered accountant David Clarkson from Biggar joined the firm in September as a new Partner and we are delighted to announce that David will also be...

Is there VAT on renting out farmland? Q. I have agreed to rent a field from a farmer who is unsure whether he must charge VAT. As far as I am aware, as long as he has not opted to tax the land he does not charge VAT. Is this correct? A. The answer here...

You own and operate a farm, you are many years away from retirement but you would like to know about possible relief from inheritance tax, particularly in relation to your farmhouse. IHT expert Brona MacDougall discusses the key issues. Generally speaking, agricultural property relief (APR) works in a similar way to business property relief (BPR),...

As an employer, you’ll be aware of the increasing number of obligations when employing and looking after your staff.  But this also has an impact on employing casual workers too, Kevin Ferguson looks at the Tax do’s and don’ts of employing casual workers. You will probably know from experience that these days employers must not...