NPNick Park

1. Article · Aug 8, 2026 · Nick Park

   Expert warns many farmers risk being caught out by digital tax rules (opens the original)

   Excerpt · English

   Read excerpt

   While the well-publicised Making Tax Digital (MTD) is now in place, farmers who operate as a partnership or limited company are currently exempt. However, there is a common group of farmers who risk being caught out when it comes to complying with the new rules. More than a third of farmers diversify their income through renting out properties such as cottages or holiday lets, and many of these may not realise that they will have to comply with MTD. Any farmers who either operate as a sole trade

   Feedback

2. Article · Jul 11, 2026 · Nick Park

   CGT hikes possible under Burnham and how farmers can prepare (opens the original)

   Excerpt · English

   Read excerpt

   With Andy Burnham likely to be the next prime minister, there has been a good deal of discussion about what it might mean for taxes, with the Makerfield MP often linked with suggestions of bringing Capital Gains Tax (CGT) in line with Income Tax. With Labour's commitment not to raise Income Tax, VAT or Employee National Insurance rates, it may well be an avenue a Burnham-led government explores. So while this is far from set in stone, it’s worth considering so that farmers can remain tax efficie

   Feedback

Last 90 days. Choose a month to open its work.

Named in the text we hold. One piece can cover several.

• Income Tax1 piece