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Persons not accountable persons unless they so elect
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68. (1) The Principal Act is amended, with effect from 1 January 2026—
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(a) in section 4(1), in paragraph (b) of the definition of “farmer”—
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(i) by the substitution of the following subparagraph for subparagraph (ii):
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“(ii) supplies of services consisting of the training of horses for racing, the total annual turnover for which has not exceeded, in the current calendar year or the previous calendar year, the services threshold;”,
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and
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(ii) in subparagraph (iii), by the substitution of “annual turnover” for “consideration”,
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(b) in section 6—
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(i) in subsection (1)—
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(I) by the substitution of the following paragraph for paragraph (a):
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“(a) a farmer, for whose supply, in the current calendar year or the previous calendar year, of—
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(i) agricultural services (other than insemination services, stock minding or stock-rearing), the total annual turnover for which has not exceeded the services threshold,
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(ii) goods being bovine semen, the total annual turnover for which has not exceeded the goods threshold,
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(iii) goods, being horticultural type products of the kind specified in paragraph 22(1) of Schedule 3, to persons who are not engaged in supplying those goods in the course or furtherance of business, the total annual turnover for which has not exceeded the goods threshold,
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(iv) either or both services of the kind specified in subparagraphs (i) and (vi), together with any or all goods of the kind specified in subparagraph (v), the total annual turnover for which has not exceeded the services threshold,
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(v) any or all goods of the kind specified in subparagraph (ii), subparagraph (iii) where supplied in the circumstances set out in that subparagraph, and subparagraph (vii), the total annual turnover for which has not exceeded the goods threshold,
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(vi) agricultural services of the kind specified in an order made under section 86A, the total annual turnover for which has not exceeded the services threshold, or
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(vii) agricultural produce of the kind specified in an order made under section 86A, the total annual turnover for which has not exceeded the goods threshold;”,
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and
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(II) in paragraph (b)(ii)(II), by the substitution of “annual turnover” for “consideration”,
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and
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(ii) in subsection (2)(c), by the substitution of “subsection (1)(a)(i), (ii), (iii), (vi) or (vii),” for “subsection (1)(a)(i), (ii) or (iii),”,
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(c) in section 17(2)(a), by the substitution of “the total annual turnover for which has exceeded, in the current calendar year or the previous calendar year, the services threshold,” for “the consideration for which has exceeded the services threshold in any continuous period of 12 months,”, and
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(d) in Part 2 of Schedule 3, in paragraph 12(1A), by the substitution of “where the total annual turnover for providing those facilities exceeds, in the current calendar year or the previous calendar year, the services threshold” for “where the total consideration received by such entity for providing those facilities exceeds, or is likely to exceed, the services threshold during any continuous period of 12 months”.
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