UK - Bank of England Interest Rates
The Bank of England has announced today they will raise the interest rate from 4% to 4.25%. #bankofengland #interestrates
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Farrell & Farrell
- Mar 14
- 1 min
We are hiring!
#hiring #accountant #recruitment #job #farrellandfarrell #hybrid #growingpractice
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Farrell & Farrell
- Feb 28
- 1 min
REMINDER: UK 2021/22 TAX LIABILITY PAYMENTS
Just a reminder that any 2021/22 self assessment tax liabilities that are still outstanding should be paid to HMRC by this Thursday, 2...
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Farrell & Farrell
- Feb 23
- 1 min
UK National Minimum Wage increase – 1 April 2023
The UK national minimum wage will increase from 1 April 2023. The rates for the various groups of workers can be viewed in the following...
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Farrell & Farrell
- Feb 2
- 1 min
UK - Bank of England Interest Rates
The Bank of England has today raised the interest rate from 3.5% to 4%.
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Farrell & Farrell
- Dec 21, 2022
- 1 min
UK - HMRC raises late payment interest from 6 January 2023
HMRC will raise interest rates on tax debt from 6 January following the latest 0.5% increase in the Bank of England base rate. In...
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Farrell & Farrell
- Dec 20, 2022
- 1 min
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) set to be postponed to 2026
MTD for ITSA was originally scheduled for April 2024, but it has been announced that the programme to digitise the UK tax system will be...
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Farrell & Farrell
- Dec 15, 2022
- 1 min
UK - Bank of England Interest Rates
The Bank of England has today raised the interest rate from 3% to 3.5% - its ninth consecutive rise as it maintains its battle against...
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Farrell & Farrell
- Dec 13, 2022
- 1 min
UK: Tax return filing deadline and pay your tax bill by 31 January 2023
A gentle reminder that the countdown to complete your UK self assessment tax return for 2021/22 tax year has begun! Struggling to pay...
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Farrell & Farrell
- Nov 22, 2022
- 1 min
HMRC company car advisory fuel rates from 1 December 2022
The HMRC company car advisory fuel rates that apply from 1 December 2022 remain unchanged from the September 2022 rates for all classes...
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Farrell & Farrell
- Nov 9, 2022
- 1 min
Reversal of National Insurance Increase
From the 6 November 2022, the 1.25% cut to National Insurance rates for employees and employers takes effect across the UK. The tax cut...
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Farrell & Farrell
- Nov 8, 2022
- 1 min
UK – HMRC late payment interest rates to increase
In response to the Bank of England interest rate increase to 3.0%, HMRC’s late payment interest rates will also increase with effect from...
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Farrell & Farrell
- Nov 3, 2022
- 1 min
UK - Bank of England Interest Rates
The Bank of England has today raised the interest rate from 2.25% to 3%, which is the highest increase in 33 years.
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Farrell & Farrell
- Oct 21, 2022
- 1 min
UK - Tax Free Childcare Scheme
Please find attached a detailed summary of the Tax Free Childcare Scheme.
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Farrell & Farrell
- Oct 20, 2022
- 1 min
Northern Ireland student loans to rise by 40% due to cost of living
Northern Ireland's Economy Minister has announced a 40% increase in student maintenance loans from 2023. The increase will aim to...
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Farrell & Farrell
- Oct 18, 2022
- 0 min
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Farrell & Farrell
- Oct 17, 2022
- 2 min
The New UK Chancellor has announced a new financial plan
The new Chancellor appointed last Friday, Mr Jeremy Hunt announced today that the Government will reverse “almost all” of the tax cuts...
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Farrell & Farrell
- Oct 14, 2022
- 1 min
UK: Government U-turn on Corporation tax
In response to the market turmoil since the announcement of the Mini-Budget, the Prime Minister Liz Truss has sacked the Chancellor Kwasi...
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Farrell & Farrell
- Oct 13, 2022
- 1 min
MTD for VAT filing will become mandatory from 1 November 2022
All VAT-registered businesses must use Making Tax Digital (MTD) compatible software for their VAT returns from 1 November 2022. From 1...
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Farrell & Farrell
- Oct 3, 2022
- 1 min
UK: Chancellor scraps plans to remove 45% income tax rate for high earners
The Chancellor, Kwasi Kwarteng, has today announced that the Government will not go ahead with plans to abolish the 45p rate of income...
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