Tag Archives: farmers
By Accounting for Energy – (3 min read)
If you are a landowner it’s important to make sure you are getting an accurate return for your investment, and with this year set to be one of many unknowns as we try and make sense of life outside of the EU, it could be the perfect time to work with specialist auditors to ensure you are still getting the best deal on your land.
The government’s draft environment bill published last month, which promises to create a body which will legally hold ministers to account for their actions regarding the environment, is an attempt to reduce the risks of Brexit, but there is still no way of truly knowing how any of this will impact renewable energy and land rent payments.
We are able to make a robust assessment of your past payments and amend any inconsistencies that may have been missed by the most experienced property, legal or internal accounts team. This is because we have expert knowledge of lease agreements, renewable energy, power stations, market prices, current legislation and performance trends.
When you work with us we can:
- Perform periodic land rent reviews to make sure you are receiving the correct returns.
- Provide a detailed analysis of the site’s past performance and its contribution to the local environment.
- Assist your site operator to correct any underpayments and ensure all payments are brought up-to-date.
- Provide an in-depth report to explain our findings and give you a greater appreciation of how well the site is performing.
Our audit will give you peace of mind, and you could receive a back-payment, and have an improved rental agreement going forward.
If you want to get your new year off to a great start, then why not get in touch with us and see how we can help you. You have nothing to lose.
By Accounting for Energy – (3 min read)
As the year draws to a close, we take a look back on some of the blogs we have brought you this year…
We started the year by showcasing some work we have done with a client who saw a 56 per cent increase in wind farm income following our audit. We also highlighted how as one of the biggest landowners in the country, this client is seeking to ‘green’ their organisation. We have had another great year of helping organisations to get the best deals on their land rent payments and we have more stories like this to share with you in 2019.
Conwy Borough Council lead the way
This forward-thinking Welsh council is the embodiment of excellent waste management, as they have bucked the trend with a scheme that increased recycling rates, made big saving and cut residual waste. Conwy’s recycling efforts are definitely a leading example for local authorities.
Plastics, plastics, plastics
Plastics has been a buzzword this year with zero waste initiatives growing rapidly on both a micro and macro level. We sought to keep you up to date with all that was happening though articles like our Carrots and Sticks piece where we looked at worldwide incentives to help behavioural change around waste such as the Plastics Pact, as well as legislative efforts such as the ambitious targets set by the Scottish government. With this week’s announcement on the government’s Resources and Waste Strategy, and hopefully more clarity on Brexit, we will continue to keep you informed with developments within the Energy from Waste sector.
Coverage in Materials Recycling World
We were interviewed for this popular trade magazine back in the summer. It is the first piece of coverage we have had, and as the UK’s leading independent provider on land rent payments, we plan to build on this in 2019.
Green Brexit Pledge
In the early Autumn, it looked like we were making firm progress with our departure from the EU, and this ‘Green Brexit’ pledge felt like a stepping stone towards certainty. In this article guest writer Paul Spackman outlined how the Agriculture Bill, and the Environment Bill which was announced this week as a draft, will help shape the UK’s agriculture and energy sectors after leaving the European Union and Common Agricultural Policy (CAP) on 29 March 2019. However while we now have detail of what the government proposes, such as a new green watchdog with statutory powers after Brexit, we have no more clarity than we did when this article was published on the details of Brexit.
By Travis Benn – (3 min read)
Philip Hammond’s budget announcement last week could be described as underwhelming and non-eventful, but with the impending uncertainty of Brexit, he is clearly trying to leave himself some space to tackle whatever changes our EU departure will bring next year. There were some positives which will leave landowners with a few extra pennies in their bank, and a new tax that has been well received by waste management companies.
While there were no changes to the rate of tax, Hammond is fulfilling the Conservative manifesto to raise the personal allowance to £12,500 and the higher taxpayers’ threshold to £50,000 (currently £46,351) in April 2019, which is one year earlier than planned. This is good news for self-employed farmers as their allowance will increase by £650 which is nearly double the increase we saw at the beginning of this tax year, which we outlined here.
Landowners will also be able to deduct two per cent of the cost of any new non-residential structures and buildings off their profits before tax.
Landowners with small farms who employ apprentices will see some relief as Hammond promises to halve the apprenticeship levy contributions for smaller businesses from 10 per cent to five per cent.
On the other hand the National Minimum Wage will increase by five per cent to £8.21 (currently £7.83), which has been described as ‘more than the sector expected’ by the NFU.
Plastic Packaging Tax
We have written about developments in plastic reform, and targets that have been set by the Circular Economy Package, and under the Plastic Pact managed by WRAP, and it seems the government is listening to the advice. Hammond says that producers of plastics will be taxed if packaging contains less than 30 per cent of recycled plastics.
This has received a mixed response in the waste management community, but overall it is seen as a step in the right direction, with the Environmental Services Association’s (ESA) Executive Director, Jacob Hayler, saying it is the ‘most effective way’ to ensure the right incentives are in place for recycling, rather than to penalise Energy from Waste.
On the waste front Hammond also committed to give £10m to dumped waste, and made a commitment to reform the Packaging Producer Responsibility.
These commitments have been made against the backdrop of ‘austerity coming to an end’, which is a step in the right direction, but it is caged in ambiguous and cautious tones. Until there is clarity on what sort of Brexit deal we will get, all of this is subject to change, and if for example we are left with a no-deal EU exit, we could be discussing the terms of a completely new budget next spring.
For further information, please contact:
0203 375 6144