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In April 2023, unincorporated businesses will need to submit accounting records on a quarterly basis for income tax calculations. \ Ramona Farrelly
New rules which will require income tax records to be filled in online every three months could actually be of benefit to a farm business, a local accountant has suggested.
According to Claire McCallion, senior manager at PKF-FPM Accountants, farmers should not be afraid of the next steps in the Making Tax Digital (MTD) process.
The first MTD requirement for most NI farmers was in April 2019 when VAT-registered businesses with an annual turnover above £85,000 had to start keeping digital VAT records.
The floods and landslides, which took place on August 22, 2017, during Storm Lorenzo, were described by Met Éireann as a “once in a 100-year event”.
It saw livestock washed away, farmland buried under feet of silt and debris, and fences destroyed across the Glenelley and Owenkillew valleys.
Around 230 farmers filled out ‘Force Majeure’ forms at clinics run in Plumbridge and Drumahoe by the department and UFU.
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A scheme was up and running within five weeks in the Republic of Ireland. However, more than three years on, farmers on the Northern Ireland side of the border are still out tens of thousands for the cost of damage to their farms.
Wednesday, April 28.
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Northern Ireland Agriculture Minister Edwin Poots and Stormont Agriculture Committee chairman Declan McAleer are understood to have been approached to speak at the 2021 event.
Ballycastle beef and sheep farmer Victor Chesnutt is also set to lay out his plans for his final year at the helm of the organisation. Chestnutt took on the role at last year’s drive-in event after four years as deputy president.
Changes to the organisation’s voting rules are also expected to come up in discussions. Earlier this year, the UFU confirmed it was reviewing changes to its election procedures following requests from some members last year.
January 14, 2021 5:38 pm
European farm lobbying group COPA-COGECA has granted UK farming unions permission to continue their membership despite leaving the EU.
However, as it is now outside the EU, the UK will lose its voting rights within the organisation.
The UK farming unions have been a member of the body, which represents farmers and agricultural co-operatives within the European Union, since it was formed as COPA in 1958.
It merged with COGECA in 1962 to become COPA-COGECA.
‘Stronger presence within BAB’
Speaking to agricultural journalists today (January 14), Ulster Farmers’ Union president Victor Chesnutt confirmed the union would continue its membership of the organisation.