B5.119 Environmental land management scheme (ELMS)—Agriculture Act 2020
On 6 March 2024 the consultation outcome of the Taxation of environmental land management and ecosystem service markets was announced1. The Government has decided to establish a joint HM Treasury and HMRC working group with industry representatives to identify solutions that provide clarity on the taxation of ecosystem service markets where existing law or guidance may not provide sufficient clarity.
Direct payments to farmers are being phased and being replaced by specific types of support for farmers as part of the Agricultural Transition Plan (ATP) 2. As part of the phase out, the basic payment scheme (BPS,
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Web page updated on 17 Mar 2025 13:43