As a result of the increase in the Bank of England base rate to 1% last week, HMRC has now confirmed that it will raise their interest...

The Easter holidays are here. Please note that our office will be closed Easter Monday & Easter Tuesday (18th & 19th April 2022) and...

With effect from 1 April 2022 all VAT registered businesses (regardless of turnover) must keep digital records for VAT purposes and...

Businesses in the construction industry will no longer be able to use red diesel from 1st April 2022 for most purposes.

The Chancellor, Rishi Sunak announced the UK Spring Statement 2022 yesterday, 23 March 2022. Please find attached our summary of the...

A 5% late payment penalty arises on the tax balancing payment and/or Capital gains tax paid late. The trigger date for the first late...

Please find attached our summary of the upcoming changes in regard to UK PAYE.

Similar to last year, whilst there isn’t an extension of the Self Assessment income tax deadline, HMRC announced yesterday that Self...

Our office will be closed from Thursday, 23rd December 2021 and reopening on Tuesday, 4th January 2022. FROM ALL OF US AT FARRELL &...

SSP TEMPORARY CHANGES - The Statutory Sick Pay (SSP) rules have been temporarily amended in Northern Ireland and Great Britain to extend...

The HMRC company car advisory fuel rates that apply from 1 December 2021 have been increased reflecting a sharp increase in fuel prices...

Please find attached our summary regarding the Economic Recovery Innovation Grant scheme.

The Bank of England are to hold the interest rate at 0.1% but indicate that this may rise in the coming months.

HMRC has collected over £6bn in Inheritance tax during covid-19, i.e. in the past 12 months. This is up 19% on the previous year. Due to...

HMRC has announced today that Making Tax Digital (MTD) for Income Tax Self-Assessment has been pushed back by a further 12 months. HMRC...

The UK temporary reduced rate of 5% VAT for the tourism and hospitality sector will cease on 30 September 2021. From 1 October 2021, the...

Please find our summary attached on the key elements of an effective business plan. Business plans are essential when you are looking for...

This scheme will provide an opportunity for people aged 18+ and living in Northern Ireland, to apply for £100 pre-paid card to spend in...

Lisburn & Castlereagh City Council and Newry and Mourne and Down District Council have launched the Sales Accelerator Programme to help...

If you are a partner who has claimed the SEISS grants because the coronavirus pandemic has adversely affected the partnership’s business,...