UFU ‘Financial control in a changing world’ webinar

The Ulster Farmers’ Union (UFU) are hosting a ‘financial control in a changing world’ webinar for UFU members on Tuesday, March 30, 7.30pm.

Tuesday, 23rd March 2021, 12:00 pm

The Ulster Farmers’ Union (UFU) are hosting a ‘financial control in a changing world’ webinar for UFU members on Tuesday, March 30, 7.30pm.

At the end of 2021, the LIBOR benchmark lenders use to calculate the interest rate for financial products will end and move to a safer more transparent benchmark rate. As LIBOR is the most common interest rate benchmark in the UK this will affect a significant number of businesses in Northern Ireland. Any business with an existing loan or contract on LIBOR will need to be ready to switch to an alternative rate this year. UK finance will talk through how these changes could affect your farm business.

Turning your farm business into a limited company could be something that is not immediately considered but Lowry Grant, PKF-FPM, will take your through the implications and potential benefits that could be gained from incorporation.

R&D tax credits were introduced in 2000 to support business that are developing and trying out new processes and technology. For progressive farmers there is the potential that you could be doing something on your farm already that makes you eligible for these tax credits. James Gibson from RCK Partners will explain the potential of these tax credits on your business.

UFU members can book their place online by visiting www.ufuni.org/events.