Tax Relief for UK Pig Producers

UK - A potentially expensive grey area for pig producers has at last been clarified after hard work by the industry, including BPEX and the NFU.
calendar icon 8 January 2009
clock icon 2 minute read

New regulations mean there is an increased need for slurry storage facilities but how these are viewed by the tax authorities was unclear.

Slurry pits are not to be treated as buildings or structures which means they should qualify for capital allowances but the regulations did not mention any other type of slurry storage.

HM Revenue and Customs now recognises that a storage system would include:

  • A tank whether above or below ground
  • Reception pit or effluent tank used in connection with the storage tank
  • Any channels and pipes used in connection with the pit, effluent tank or storage tank.

BPEX Environmental Programmes Manager, Nigel Penlington said, "This could have had serious financial consequences for pig producers forced to increase their slurry handling systems.

"However, this new guidance is welcome relief to those having to make substantial investment."

© 2000 - 2022 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.