Cow picThe Inland Revenue has released the ‘National Standard Costs for Specified Livestock Determination 2015’.  The determination applies to any specified livestock on hand at the end of the 2014/2015 income year where the taxpayer has elected to value that livestock under the national standard cost scheme for that income year.  The national standard costs are detailed at

For more information or assistance please contact UHY Haines Norton Director Mark Foster at