VAT: Key Concepts for Farmers

In this episode, Laura is joined by VAT director Gillian McGill to discuss the complexities of VAT for the agricultural sector. They cover essential topics such as record keeping, tax points, cash vs. invoice accounting, VAT rates, exemptions, and common mistakes made by clients.

Gilly emphasises the importance of good record-keeping and understanding the nuances of VAT regulations to ensure compliance and optimizing your tax position.

Get in touch

If you have any questions on today’s episode, email us at marketing@larking-gowen.co.uk.

You can get in touch with our presenters directly through the Our People section of our website, or visit our Farms and Rural Business page here.

We’d also love it if you could rate us 5 STARS on Apple Podcasts or Spotify as this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice. © Larking Gowen LLP