Negative effects of Tax changes for small wineries with Phillip Watts from Barnsole Vineyard
This show was published 04 February 2022
- Negative effects of Tax changes for small wineries with Phillip Watts from Barnsole Vineyard
Overview
Barnsole Vineyard is a seven acre site producing still and sparkling wines in Canterbury, Kent and selling wines at the cellar door. In this first interview we discuss how the tax changes post Brexit have negatively affected direct to consumer sales. On the 6th April 2021 the UK government implemented a new tax threshold of £230,000 to the Agriculture Flat Rate Scheme which means in effect, Phillip now has to limit his turnover and literally stop selling wine at the end of each month to avoid paying VAT.
For clarity:
Entry threshold - in order to join the scheme, annual turnover from farming activities must be below £150,000
Exit threshold- farmers have to leave the scheme if their annual turnover from farming activities is above £230,000.
www.barnsole.co.uk
Subscribe
Using XML subscription or through Apple Podcasts or Spotify or wherever you normally listen to podcasts.
Sponsorship
The UK Wine Show is sponsored by ThirtyFifty. Our team of wine tasters are busy entertaining and educating UK consumers to help them get the most out of wine.
Support us on Patreon
If you are a regular listener, do consider supporting the UK Wine Show on Patreon. You can pledge a monthly payment, equivalent to a cup of coffee or very small glass of wine!
Music
The music used for the UK Wine Show is Griffes de Jingle 1 by Marcel de la Jartèle and Silence by Etoile Noire.