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BREAKING NEWS – SELF EMPLOYED / SOLE TRADERS & PARTNERSHIPS

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

March
27

Government Support for Self Employed / Sole Traders & Partnerships

Following the Chancellor’s announcement on Thursday evening please see below the updated information re the grant that will be made available (definition: money given to someone, i.e. not a loan to be re-paid) allowed to the self employed:

This scheme will allow sole traders or members of partnerships to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.

Who can apply

You can apply if you’re a self-employed individual or a member of a partnership and you:

– have submitted your Income Tax Self Assessment tax return for the tax year 2018-19

– traded in the tax year 2019-20

– are trading when you apply, or would be except for COVID-19

– intend to continue to trade in the tax year 2020-21

– have lost trading/partnership trading profits due to COVID-19

Your self-employed trading profits must also be less than £50,000 and more than half of your income from self-employment. This is determined by at least one of the following conditions being true:

– having trading profits/partnership trading profits in 2018-19 of less than £50,000 and these profits constitute more than half of your total taxable income

– having average trading profits in 2016-17, 2017-18, and 2018-19 of less than £50,000 and these profits constitute more than half of your average taxable income in the same period

If you started trading between 2016-19, HMRC will only use those years for which you filed a Self-Assessment tax return.

If you haven’t submitted last year’s tax return that now becomes urgent and needs to be done before 23rd April!

How much you’ll get

You’ll get a taxable grant which will be 80% of the average profits from the tax years (where applicable):

– 2016 to 2017

– 2017 to 2018

– 2018 to 2019

To work out the average HMRC will add together the total trading profit for the 3 tax years (where applicable) then divide by 3 (where applicable), and use this to calculate a monthly amount.

It will be up to a maximum of £2,500 per month for 3 months.

They’ll pay the grant directly into your bank account, in one instalment.

How to apply

You cannot apply for this scheme yet.

HMRC will contact you if you are eligible for the scheme and invite you to apply online.

Individuals do not need to contact HMRC now and doing so will only delay the urgent work being undertaken to introduce the scheme.

You will access this scheme only through GOV.UK. If someone texts, calls or emails claiming to be from HMRC, saying that you can claim financial help or are owed a tax refund, and asks you to click on a link or to give information such as your name, credit card or bank details, it is a scam.

After you’ve applied

Once HMRC has received your claim and you are eligible for the grant, they will contact you to tell you how much you will get and the payment details.

If you claim tax credits you’ll need to include the grant in your claim as income.

Of note is that this scheme will be paid in a one off lump sum, and that is likely to be in June once they have collected all the claims information and bank details. If you envisage any hardship or financial difficulty between now and then it may be prudent to contact mortgage and finance companies now, to discuss payment holidays until government payments are received.

 

Our thanks to Ali Norrish from the WebbPaton team. For more information or if you need help preparing last year’s tax return please call Ali on 07814 578034 or email ali@remotebookkeeper.co.uk

fLOWERS

COUNTRYSIDE STEWARDSHIP PRODUCTIVITY SMALL GRANT SCHEME

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

March
27

The Countryside Productivity Small Grant Scheme Round 2 claim deadline has been extended to midnight on 31st July 2020 (originally 31st May 2020) because of the COVID-19 situation as some suppliers are unable to deliver items by 31st May 2020.

If you have any queries, or require further information, please do not hesitate to contact one of our team at WebbPaton on 01793 842055.

Tractor spreading

ENTITLEMENT UPDATE

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

March
27

The supply and demand of entitlements is picking up swiftly and WebbPaton are happy to promote the following quantities of entitlements for sale:

Non SDA entitlements – 500 ha

SDA entitlements – 23.5 ha

Moorland entitlements – 960 ha

Please may all enquiries for either purchases or sales of entitlements be directed to George King on 07809 907637.

Lambs

2020 ENTITLEMENTS UPDATE

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

January
31

Spring is just around the corner, although it feels like it has been with us for the past month already, and Brexit is here. With the landslide election result behind us, WebbPaton has seen a significant interest in both entitlement seller and buyer enquiries which promotes a confident outlook on the 2020 trading season. We have received confirmation that the 2020 BPS payment rates will be on a similar basis as 2019, at around £230 per hectare. This assurance has already created a positive start to the trading season which we only anticipate to grow.

 

WebbPaton have already been agreeing sales of England non-SDA entitlements at £130 – £160 per hectare, depending on variable factors such as quantity sold and whether the businesses are VAT registered or not. SDA entitlements are currently trading around £200 per hectare.

 

The RPA opened the online transfers yesterday, a day earlier than originally planned, and with many buyers paying by BACS these days the whole process can be completed within a couple of weeks subject to the RPA confirming the transfer. The deadline will be 15th May as usual.

 

We are very happy to assist with selling or buying entitlements for your clients, so please do contact us by email post@webbpaton.co.uk or phone 01793 842055 to discuss your requirements.

Mark at BBC Wiltshire Sound

MARK WEBB ON THE RADIO

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

January
24

Mark Webb appeared on the Wild About Wiltshire show on BBC Wiltshire on Wednesday night, talking about farm plastics for Farm XS and explaining the initiative behind the UK Farm Plastic Responsibility Scheme (UKFPRS). The aim is to increase both the quantity and quality of farm plastic that comes back to be recycled. The programme was hosted by Sue Kinnear, click here to download and listen to the show (Mark’s section starts at 1 hour 13 mins).

Seminar photo 2

FARM BUSINESS UPDATES

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January
15

It’s not too late to put your name down for a place at one of our Farm Business Updates which begin on Tuesday 21st January in Calne. Give us a call to book now – 01793 842055.

Piglets

ARE YOU LOOKING TO BUY OR SELL ENTITLEMENTS?

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

January
7

WebbPaton have now begun trading entitlements for the 2020 BPS period, with figures based on 2019 BPS payment rates. If you are looking to sell or purchase any entitlements or would like to claim farm subsidy payments, please phone George King at WebbPaton for prices and/or advice on 01793 842055.

Seminar Invite 2020 b

2020 FARM BUSINESS UPDATES

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

January
3

Don’t forget to book your place on one of our Farm Business Updates, here are the dates:

– 21st January 2020 – Wellington Barn, Calstone, Calne

– 23rd January 2020 – The Wiltshire Hotel, Vastern, Wootton Bassett

– 27th January 2020 – Chippenham Golf Club, Malmesbury Road

– 29th & 30th January 2020 – Wrag Barn Golf & Country Club, Highworth

Places are filling up fast so email post@webbpaton.co.uk or phone 01793 842055 to book your place, we look forward to seeing you there!

Christmas tree 2

WE WISH YOU A MERRY CHRISTMAS!

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

December
20

Mark Webb, George Paton and all of the team at WebbPaton would like to wish everyone a very Merry Christmas and a Happy New Year. The office will be closing on Friday 20th December and re-opening on Thursday 2nd January, when we will pick up any messages, emails etc.

Macmillan & FCN Presentation

EXCITING UPDATE ON OUR RIDGEWAY CHALLENGE

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December
3

Following on from our 20th Anniversary Ridgeway Challenge in September, we are delighted to announce that we raised the grand total of £14,278.44.  Last week Tessa Watson from Macmillan Cancer Support and Mark Thomas from The Farming Community Network came into the office to meet the team and to collect the donations. The walk was certainly a challenge but also an amazing experience, we would like to thank all of you for your valuable support and both charities are extremely grateful for the donations. It’s not too late if you haven’t contributed though, please follow the link to our Virgin Money Giving page.

 

Sheep 2

THE 2019 BASIC PAYMENT SCHEME (BPS) PAYMENT WINDOW OPENS TODAY!

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

December
2

The 2019 BPS payment rate is £232.88 per hectare / £94.24 per acre. The Financial Discipline Mechanism reduction rate is applied to BPS 2019 payments over €2,000 at 1.432635%. If one of the team at WebbPaton completed your 2019 BPS claim please let us know when you get paid, and how much, so we can double check you have been paid correctly!

Photo page 1

SAVE THE DATE

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

November
26

WebbPaton will again be holding our popular Farm Business Updates in January.

Doors will open for registration from 6.30pm, with the seminar commencing at 7.30pm.  A complimentary hot supper will be served following the seminar at 9.00pm.

  Tuesday 21st January 2020 at Wellington Barn, Calne

  Thursday 23rd January 2020 at The Wiltshire Hotel, Royal Wootton Bassett

•  Monday 27th January 2020 at Chippenham Golf Club, Chippenham

•  Wednesday 29th January 2020 at Wrag Barn Golf & Country Club, Highworth

•  Thursday 30th January 2020 at Wrag Barn Golf & Country Club, Highworth

Invitations will be going out shortly, to reserve a place in the meantime please email post@webbpaton.co.uk or phone 01793 842055.

Fence & field

REMINDER

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

November
19

Do you have a Countryside Stewardship agreement in place that started on 1st January 2018 and included capital works? If so you must complete those capital works by 31st December 2019 and submit a claim to Natural England to recover the grant funding by 31st March 2020 at the latest.

Please get in contact with one of our team on 01793 842055 if you would like help submitting your capital claims.

Woven 7

UK FARM PLASTIC RESPONSIBILITY SCHEME

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

November
18

Farm XS is one of the UK’s farm plastic collectors announcing a joint initiative being the creation of the UK Farm Plastic Responsibility Scheme which will start on 1st January 2020. The aims of the scheme, which will cover both packaging and non-packaging plastics, are to:

  • Provide audited totals of the quantity of farm plastic collected and recycled.

  • Further increase the volume and quality of plastic recycled.

  • Educate farmers to reduce contamination within their waste plastic.

  • Provide the supply chain with corporate responsibility re plastics they put into the market.

  • Assist with exploiting new technology for the reprocessing of farm plastic.

  • Lobby government and other bodies as required for support to increase plastic recycling facilities within the UK.

The Scheme, which will be open to all UK farm plastic collectors, will operate on a not for profit basis and will be funded by the collectors.  There will be no additional cost to farmers and no levy on new plastic products. UKFPRS collector members will be identifiable by their use of the UKFPRS logo.

For further information please contact Catherine Elmes or Mark Webb at Farm XS on 01793 842062.

IMG_0295

RDPE GROWTH PROGRAMME

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November
13

Grants of up to 40% under the RDPE Growth Programme are now open for new applications. You could be eligible for a Growth Programme grant if your business is carrying out a project to create jobs or bring more money into the rural economy. There are three types of grants covering business development, food processing or rural tourism infrastructure. The minimum grant is £20,000 and the maximum grant is approximately £175,000. Please get in contact with us if you would like more details on 01793 842055.

trees countriside

WOODLAND CARBON GUARANTEE SCHEME

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November
12

In an attempt to achieve net zero carbon emissions by 2050, the government has launched a new £50 million Woodland Carbon Guarantee Scheme which is due to open in 2020.

Successful applicants will be able to sell the carbon dioxide (CO2) captured by newly planted trees in the form of Woodland Carbon Units to the government for a guaranteed minimum value every five or ten years until 2055-2056.

The scheme will operate as a reverse auction whereby it is up to the applicant to calculate the money required in order for their tree planting project to be financially viable and submit a bid.  If successful, the government will purchase your Woodland Carbon Units (in tonnes of CO2) for a guaranteed price every 5 or 10 years.  A series of auctions will take place every six months for up to five years, beginning in 2020.

The scheme is aimed at larger scale projects and is subject to a minimum 10 hectare planting area.  In order to apply for the scheme, woodland creation projects will need to be registered with and managed under the Woodland Carbon Code, which will help to calculate amount of carbon that will be “locked up” as a result of the tree planting and validates the carbon savings to be purchased.

For more information please contact one of our team on 01793 842055.

Hedged field

2019 BASIC PAYMENT VALUES

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

November
6

The RPA have announced the 2019 BPS Entitlement and Greening values:

Entitlement Values

Region 2019 2018 2017
Non-SDA €182.70 €181.39 €180.46
Upland SDA, other than moorland €181.34 €180.00 €178.90
Upland SDA moorland €49.76 €49.09 €49.63

Greening Rates

Region 2019 2018 2017
Non-SDA €78.69 €78.13 €77.69
Upland SDA, other than moorland €78.11 €77.53 €76.92
Upland SDA moorland €21.43 €21.14 €21.32

The Euro exchange rate that will be used to calculate all payments is €1 = £0.89092.

You can call us on 01793 842055 or email post@webbpaton.co.uk to find out more.

George King APC 2

CONGRATULATIONS GEORGE!

Posted by: WebbPaton Tags: There is no tags | Categories: Uncategorized

October
31

WebbPaton would like to say a huge congratulations to George King who has just passed his Assessment of Professional Competence today and is now a well-deserved member of the Royal Institution of Chartered Surveyors.

pigs

ROUND 2 OF THE COUNTRYSIDE PRODUCTIVITY SMALL GRANT SCHEME

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October
29

Offers are now being received for Round 2 of the Countryside Productivity Small Grant Scheme. If you have received an offer email/letter you must respond to the RPA by a given date confirming your acceptance or rejection of the application. Please also be sure to check the date when all items applied for must be purchased. This information is detailed two paragraphs after the table of items.

If you have any questions or queries, please do not hesitate to contact WebbPaton on 01793 842055.