News & Blog

As the dairy crisis deepens and shows little sign of abating, some help may be at hand to assist in handling daily cash flow requirements and tax payment arrangements.

The Prime Minister, David Cameron has given his support to assistance with delaying tax payments due 31st January 2015 by contacting the HMRC Business Support Payment Service to discuss the cash flow problem. Staff have been briefed of the issues facing dairy farmers and should be able to provide a sensible payment plan for affected farmers.

DairyCo can also offer help in the form of consultancy advice to levy payers that are struggling to cope with the falling milk price. First Milk producers have had their payments delayed by two weeks causing knock on cash flow issues which could affect their bank, suppliers and even staff.
Consideration should also be given to reducing payments on accounts for the tax year 14/15 as lower profits for dairy farmers are likely to occur on the back of falling prices.

If we can assist with any of these issues or for more information contact Edward Jenner on 01271 374138