Farmers in Carmarthenshire got up to speed with the new tax rules, which come into force on 1 April 2019. The ‘Making tax digital’ scheme will see millions of businesses and self-employed people having to file multiple tax returns each year.
So in order to help those VAT-registered businesses with a taxable turnover above the VAT threshold, the Carmarthen branch of the Farmers’ Union of Wales organised a special information evening.
Held at Llanarthney village hall on Thursday 3 January 2019, those attending the event heard all about the scheme from Eirian Humphreys of LHP accountants and had the opportunity to ask questions.
FUW Carmarthen CEO David Waters said: “This new way of filing your taxes has the potential to be a real headache for our farmers, especially as paper returns will no longer be accepted.
“We had a really successful evening, with many members and non-members attending the information evening and getting up to speed on the new way filing their tax returns. I would like to thank Eirian Humphreys of LHP accountants for providing much needed clarity and hope members now feel better informed.”