WIREDGOV

An online tax guide designed for farmers was launched today.

HM Revenue and Customs (HMRC) has been working with farming bodies, such as NFU, to produce a Starting your own Business e learning tutorial, which 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

Naomi Ferguson at HM Revenue and Customs (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, is at:
http://www.hmrc.gov.uk /courses/syob/farm/index.htm.

Contacts:

HM Revenue & Customs
news.reply@hmrc.gsi.gov.uk

Jan Marszewski
Phone: 0207 147 0798
jan.marszewski@hmrc.gsi.gov.uk

HMRC Out of Hours
Phone: 07860 359544
news.reply@hmrc.gsi.gov.uk