George Osborne with budget© Tolga Akmen/LNP/REX
Here is a run down of the main points for farmers in Wednesday’s (18 March) Budget. It remains to be seen whether they survive the post-election budget in just a few weeks’ time. Farming profits … can be averaged over five years (currently this can be done over only two years), to smooth the tax impact of volatile profitability. Useful only if there are really big fluctuations, say accountants. Estimated by the government to potentially save farming £30m/year. Annual investment allowance […]