ARA News Articles

Farm leaders call for BPS early payment commitment - November 12, 2015
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Farm leader from across the UK have called on the Rural Payments Agency (RPA) to provide assurance that they are focused on making Basic Payment Scheme (BPS) payments in December. On 1 December the next BPS window will open and farmers will be able to apply for the 2016 funding year. However, the NFU has … Continue reading Farm leaders call for BPS early payment commitment


Making the most of your finances – now and in the future - November 12, 2015
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New data released by the Department for Work and Pensions (DWP) has revealed that the agricultural sector has the lowest levels of participation in the government’s workplace pension scheme. The figures from the DWP show that only 26 per cent of those in the agricultural sector used a workplace pension scheme between 2012 and 2014, … Continue reading Making the most of your finances – now and in the future


Moore Thompson announces return to LAMMA - October 20, 2015
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We are delighted to announce that they will be attending next year’s LAMMA show – the UK’s leading farm machinery and services event. We have confirmed our attendance at the show, which is due to take place on 20 and 21 January, for a second year running. Held at the East of England Showground in … Continue reading Moore Thompson announces return to LAMMA


UK sees record arable harvest, but could experience lower prices - October 20, 2015
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This year’s harvest could see one of the UK’s largest wheat yields on record, according to the National Farmers Union (NFU). However, it adds that this could cause concern amongst farmers who are worried about the affect this could have on the price of their produce. The latest NFU survey has revealed a six per … Continue reading UK sees record arable harvest, but could experience lower prices


Farm fires cost industry up to £100m a year - October 20, 2015
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Research has revealed that the UK agriculture industry lost up to £100 million due to the cost of farm fires in 2014. Insurance experts at NFU Mutual have released figures showing that they paid out £44.7 million in fire claims during 2014, and that these payments covered about 75 per cent of the total market … Continue reading Farm fires cost industry up to £100m a year


Study suggest that many retirement plans are at risk - October 20, 2015
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Pension incomes have shrunk by 73 per cent since 2000, according to new research. Poor-performing pension funds and falling annuity rates are to blame says the Moneyfacts website which produced the study. The result is that workers dreaming of transforming their retirement fund into a pension income – by annuity – are putting off leaving … Continue reading Study suggest that many retirement plans are at risk


Farmers to have their say on NMW rates - September 14, 2015
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Two years ago the Government took the decision to abolish the Agricultural Wage Board and instead place the agricultural and horticultural sectors in England under the National Minimum Wage. As part of this transition the National Farmers Union (NFU) has been invited to submit evidence to the Low Pay Commission regarding the NMW in the … Continue reading Farmers to have their say on NMW rates


Inheritance Tax implications on holiday lets - September 14, 2015
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A recent First Tier Tribunal (FTT) case may have significant implications on the inheritance tax of furnish holiday letting (FHL) businesses. In the case of Green vs HMRC the FTT assessed whether the activities conducted by Anne Green were extensive enough to rebut the assumption that her FHL business was an investment. The taxpayer claimed … Continue reading Inheritance Tax implications on holiday lets


Annual Investment Allowance set to change - September 14, 2015
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Farming businesses seeking investment in machinery and equipment will be delighted to hear that the annual investment allowance (AIA) has been increased to £200,000. Currently business are allowed to deduct up to £500,000 from pre-tax profits towards the cost of investment in new equipment, but this amount was set to plummet to £25,000 at the … Continue reading Annual Investment Allowance set to change


Grant scheme aims to support rural communities - August 14, 2015
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More than £24 million of grant money has been made available to support rural communities, as part of a new government-led Growth Programme. Farming Minister, George Eustice, recently announced that applications for the new programme would be open to any projects that will bring benefits and economic improvements to local areas. This could include helping … Continue reading Grant scheme aims to support rural communities


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