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Key considerations for a VAT inspection
Preparing for a VAT inspection? Price Bailey's article written by Greg Mayne offers some useful reminders and key considerations.
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Due to poor economic conditions, pandemic recovery, and declining UK meat consumption, livestock farmers are in the midst of a challenging year, with some livestock sectors, including red meat, being unevenly impacted.
Dairy farmers are also considering turning more towards automation as a result of the supply of labour becoming increasingly challenging. They’re also facing higher input costs, competition from consumer preference changes to products such as oat and almond milk, and consumer pressure to keep prices low.
Despite the challenges many British farmers are facing, the global livestock industry is expected to expand at a compound annual growth rate of 17.63% to 2030. Rapid innovation and increasing R&D are having a positive impact on the livestock industry, with the emergence of livestock monitoring systems enabling real-time monitoring of livestock to highlight early signs of sickness and bacterial or viral infection in the animals.
To ensure you receive the best advice, we get to know you, your business, and your ambitions – and then assess all your options.
No matter the challenges you are facing, we understand them. Our specialist teams can help you to overcome these challenges, with advice that is tailored to your organisation.
Contact us today to find out more about how we can help you
Preparing for a VAT inspection? Price Bailey's article written by Greg Mayne offers some useful reminders and key considerations.
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