In an increasingly digital world it is easy to underestimate how much we use technology. Digital tools represent a huge opportunity, if not a necessity, for all charities.
Last week Thomas Westcott delivered a series of eight seminars at venues through the South West on Making Tax Digital (MTD). During that week the government announced that, due to the general election, a slimmed down version of the Finance Bill was to be debated for one day in parliament and became enacted as the Finance Act 2017 on Thursday 27th April.
Farming profits can fluctuate quite significantly on an annual basis and the possibility of averaging profits over a two year period is a well known feature of the tax system that applies to farmers. Whilst this provision still exists, it is now possible for farmers to average their profits for a five year period.
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