Land and buildings ― income ― farming, forestry and the countryside

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides information about the VAT treatment of income generated from farming, forestry and other activities in the countryside.

For information about the VAT treatment of buying and selling agricultural and forestry property, see the Land and buildings ― buying and selling ― agricultural and forestry property guidance note.

The VAT treatment of income generated from farming, forestry and other activities in the countryside

Income generated from farming, forestry and other activities in the countryside includes income generated from:

•
animal care, livery and stabling services
•
farming businesses that have diversified
•
fishing and shooting rights
•
food production
•
grazing rights
•
timber production

Information about each of the above sources of income is provided under separate headings below.

Animal care, livery and stabling services

A supply of services consisting of animal care or keep of animals is subject to VAT at the standard rate. Examples of services consisting of animal care or keep of animals include supplies of animal care services to the owners of:

•
cats,

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL

Popular Articles

Owner-Managed Businesses

Bad debts

Bad debtsBad debts usually arise where goods or services have been provided to a customer, for which payment has not been received within a reasonable or specified time period, or for which the customer is unable to pay. It is necessary to determine the quantum of relief that can be claimed for bad

14 Jul 2020 15:34 | Produced by Tolley Read more

Employment Tax

Short-term business visitors (STBVs)

Short-term business visitors (STBVs)What is a short-term business visitor?An STBV for UK tax purposes is an individual who performs duties for a non-UK employer and as a part of those duties has been asked to spend a short period working in the UK. There is a common misconception that there is

14 Jul 2020 13:40 | Produced by Tolley in association with Gill Salmons Read more

Trusts and Inheritance Tax

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more

��˾��ҹ��