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Tax guides give advice to farmers - Scotland

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Issued 07 February 2013 - HM Revenue & Customs

HM Revenue and Customs (HMRC) has been working with farming bodies in Scotland to produce a series of free, tailor-made, online educational tax guides.

The first guide, Starting your own Agricultural Business, was designed with the help of the National Farmers Union (NFU). This has now been supplemented with packages for the NFU Scotland and Scotland’s Rural College.

The Starting your own Business e-learning tutorial includes:

• an overview of tax, National Insurance contributions and VAT
• information on registering as self-employed
• guidance on keeping business records
• help with completing tax returns
• information on paying HMRC

Mike Purvis from HMRC, said:

“This e-learning guide is aimed at those new to farming, who might be unaware of their tax obligations, and the many experienced farmers who are currently diversifying, which can change their tax obligations.

“Starting your own Business is available online so that farmers can read it in their own time, when convenient. It’s in bite-sized sections, so doesn’t need to be read all at once.”

The guidance, which includes basic information covering all the most frequently asked questions about tax, can be seen at:
http://www.hmrc.gov.uk/courses/syob/farm/index.htm
http://www.hmrc.gov.uk/courses/syob/farm/HTML/farm_menu.html


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© Crown Copyright 2013.

A licence is needed to reproduce this article and has been republished for educational / informational purposes only. Article reproduced by permission of HM Revenue & Customs.



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Article Published/Sorted/Amended on Scopulus 2013-02-13 14:13:35 in Tax Articles

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