One consequence of the COVID-19 pandemic is that holidays in the UK – or “staycations” – have become more popular than ever. This has come at the same time as the phasing out of the Basic Payment Scheme, which makes the profitability of many upland beef and sheep farms more difficult, and as a result, more farmers are looking at diversifying into farm tourism to support future businesses viability. Here we will look at the VAT issues that should be considered as part of the planning for such a venture:
Source: armstrongwatson.co.uk
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