Liz Truss © Richard Gardner/REX
Farmers are being urged to add their views to new reforms to average farm incomes for tax over a five-year period. Chancellor George Osborne announced the tax measure earlier this year to help UK farmers cope with market volatility and focus on investment and growth, following extensive lobbying by the NFU. The new system, which will come into force from April 2016, will mean tax bills can be applied over five years rather than two consecutive years. See also: Budget […]
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