#FamilyFarmTax talking points - a helpful guide:. 1. "It's only 500 farms". No, that's APR claims above £1m made in one year, 2021/22. Many more people than that are affected by the rules. The CLA estimated the total number is 70,000 farms. On the Government's own numbers.

Regarding business confidence, this isn't the graph you'd hope to see with a Government going for Growth, Growth, Growth.

This is very interesting. One of two key funders of CenTax, the institute who first pushed the changes to APR/BPR has just sacked all 10 independent trustees and the chief executive. Reasons are unclear.

Really pleased to have a long meeting with @VictoriaAtkins today on the changes to APR & BPR. She was bang on top of her brief and really understood the impact and implications for farmers and businesses owners. It seems clear there will be no clarity in July, with draft.

This is a really peculiar understanding of a system deliberately set up to incentive saving for retirement, and thereby alleviate the burden on the state in later life. Relief is already capped (lifetime allowance and annual contributions for high earners). I’d be fascinated to.

I’ve been accepting that the APR/BPR changes were foisted on DEFRA at the last minute via James Murray’s terrible idea at the Treasury. There is language you use when that happens, and I am getting hints from Daniel Zeichner’s words that he’s not totally happy spending his.

I am surprised at the approach being taken by the Attorney General to reassure people that any suggestion of a two-tier justice system is ill-founded. I expected an explanation of sentencing guidelines, and confirmation that were there to be any hint of bias then he and the.

In December 2024, Arun Advani of Centax promised the EFRA Committee in Parliament to use his access to HMRC tax data to model the affordability of the #FamilyFarmTax. When asked when the results would be published Dr Advani said "It will be in spring. By spring I mean what.

Prior to 2011, bright ideas on taxation straight from the Treasury often had unforeseen consequences, e.g. Gordon Brown's zero rate of corporation tax that led to an explosion in tax avoidance. To avoid these messes, published practice since then has been to consult on all but.

The introduction of changes to APR/BPR clearly breached the Tax Consultation Framework of 2011. From the last Budget, many people have been asking the Govt to pause, consult and amend the proposal. If they had acted properly we would not be here today.

So is the number of Labour MPs required to force a U-turn 122? Good to know.

Has anyone done any work on how growing businesses with private equity funding and covenants against dividends and disposals are meant to find the resources to pay 20% IHT if an owner dies? It has real value demonstrated by the PE engagement, but the beneficiaries will be barred.

This will put many MPs in a really difficult position. If they vote against the Bill they’re saying that Keir and Rachel aren’t doing a good job and that it’s time for some new and better ideas. Such a decision!.

Another way of looking at the proposed APR/BPR changes - imagine the Government creating a law where 1 in 30 of all UK businesses are required to pay HMRC 20% of their total value. Every business is put in that lottery every year, even if they paid it last year. If that sounds.

As rumours abound about tax rises, it’s worth noting that the top of the Laffer Curve is a limit, not a target.

RT @Dunnylad1: Why is the Business Scretary appearing on BBC?.America has just bombed Iranian nuclear sites. Iranian ambassador & Israeli P….

This is sufficiently astonishing that my first response would be to check the definitions and data to make sure there isn't an error. If it stands, then the obvious thing would be an HMRC taskforce to correct this trend, which swiftly would self-fund itself.

Astonishing claim from the Secretary of State for the Environment. A cut in the budget for farming of around 20% over three years in an era of challenging returns and the #FamilyFarmTax. I'm not sure who is delighted.

Looking at the figures and taking reasonable estimates, it looks like DEFRA's budget for farming is being cut by about 20% in real terms over the next 3 years. I guess food security isn't high on the pecking order.

At the end of HMRC's enquiries into a deceased estate, they are required by statute to produce a clearance certificate confirming they are done. Executors, especially professionals, often will not distribute assets without it as HMRC might come back for more tax. We are seeing.