VAT: Key Concepts for Farmers

In this episode, Laura is joined by VAT director Gillian McGill to discuss the complexities of VAT for the agricultural sector. They cover essential topics such as record keeping, tax points, cash vs. invoice accounting, VAT rates, exemptions, and common mistakes made by clients. Gilly emphasises the importance of good record-keeping and understanding the nuances of VAT regulations to ensure compliance and optimising your tax position.


Beyond the Barn, the Business of Farming. This special farming mini-series is hosted by Laura Clayton, an assistant manager in the farms and rural business team, and in each episode Laura invites a different guest to share their expertise on various business topics affecting the farming and rural community. The series covers a range of subjects including tax, legal matters, succession, and inheritance, aiming to provide insights and tips to those living and working in agriculture.


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You can find more episodes from this series on our website here. (https://www.larking-gowen.co.uk/lgi)


This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.


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