Treasury ‘buries’ farming report until after Budget in inheritance tax blow

cityam

Nov 16

The report was commissioned in April A government-commissioned review that shows the financial pressures on the farming industry has been “buried” by the Treasury until after the Autumn Budget, ...

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Treasury until after the Autumn Budget, ...</p>\n\n<a href=\"https://www.cityam.com/treasury-buries-farming-report-until-after-budget-in-inheritance-tax-blow/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IHT","symbol_name":"InnSuites Hospitality 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inheritance tax, a decision that has sparked uproar within the industry due to farmland previously having been exempt.The Batters report, which makes 57 recommendations about how improve the profitability of farming, was submitted to the Department for Environment, Food and Rural Affairs (Defra) at the end of October, and had been excepted to be issued within weeks.\n\nBut at a select committee meeting last week, the environment secretary, Emma Reynolds, committed herself to only publishing it before Christmas, just days after Batters told a farming conference that she believed it would be published in “the next couple of weeks.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIHT not open for debateBatters was commissioned by Defra in April and asked to submit her report in time for publication for the Autumn Budget.At the time of commission, then environment secretary, Steve Reed, said he hoped to use the findings to try and secure more support for farmers in the Budget to mitigate tax changes.But, Whitehall sources claim the report has been “locked away” inside Defra after the Treasury made it  clear that it did not want the report to be published until after 26 November.\n\nA government source also said there was no desire in the Treasury to reopen the debate over inheritance tax.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}