We would like to assist our farming community in accessing available subsidies. We are aware that there is a small dairy farmers scheme in place and would urge all eligible farmers to apply.
In order to apply you must still be in active cows’ milk production and have had annual cows’ milk production of up to 1,000,000 litres in the period from 1 April 2015 to 31 March 2016. There is a fund of approximately £8.5 million available.
If you are eligible there is a relatively simple 2 page form to complete, further information about the scheme is available at www.gov.uk/guidance/small-dairy-farmers-scheme.
If you are unsure whether you are eligible for the scheme, we can help you to decide. Equally, if you would like assistance completing the form, simply call the office or send us an email and we will tell you what we need.
The application deadline is 31 May 2017. If successful a one off payment will be made. This money will be taxable income.
If you are not currently a client of Rutter & Allhusen and you feel that a proactive accountant would be beneficial to you and your business, please contact us to discuss how we can work with you going forwards.