HMRC launches online tutorial for farmers

HMRC has published an ‘e-learning course’ for farmers, developed in conjunction with ‘farming bodies such as the NFU’.

The Starting your own Business tutorial includes an overview of tax, NICs and VAT; information on registering as self-employed; guidance on keeping business records; help with completing tax returns; and information on paying HMRC.

The guide is ‘aimed at those new to farming, who might be unaware of their tax obligations, and the many experienced farmers who are currently diversifying, which can change their tax obligations’, said HMRC’s Naomi Ferguson.