HMRC produces e-learning tutorial for start-up farmers (From Dudley News)

HMRC produces e-learning tutorial for start-up farmers

7:20am Saturday 14th July 2012 in Business Daily

HM Revenue and Customs (HMRC) has been working with farming bodies, such as NFU, to produce a Starting your own Business e-learning tutorial, which includes:

an overview of tax, National Insurance contributions and VAT

information on registering as self-employed

guidance on keeping business records

help with completing tax returns

information on paying HMRC

Naomi Ferguson at HMRC said: “This e-learning 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.

“Starting your own Business is available online so that farmers can read it in their own time, when convenient. It’s in bite-sized sections, so doesn’t need to be read all at once.”

The guidance, which includes basic information covering all the most frequently asked questions about tax, is at hmrc.gov.uk/courses/syob/farm/index.htm