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UK - Bank of England raises Interest Rates for 12th time a row
The Bank of England has announced today they will raise the interest rate from 4.25% to 4.5%. Therefore, this is the 12th consecutive...
Farrell & Farrell
May 11, 20231 min read
New Tax Year – 2023/24
As the new tax year had started on 6 April 2023, you can start thinking about filing your UK Self-Assessment Tax Return for tax year...
Farrell & Farrell
May 5, 20231 min read
European Central Bank raises interest rates to 3.25%
The European Central Bank (ECB) has raised interest rates again to maintain its battle against inflation but eased the pace of increase....
Farrell & Farrell
May 4, 20231 min read
UK Reminder: Annual filers must use MTD from 15 May 2023 as online VAT return closes
HMRC are reminding all VAT registered users who usually file their VAT return annually, that the online VAT return will close from...
Farrell & Farrell
May 2, 20231 min read


May Bank Holiday 2023
Please note that our office will be closed Monday, 2 May 2023 and will be reopening on Tuesday, 3 May 2023.
Farrell & Farrell
Apr 28, 20231 min read
UK - HMRC raises late payment interest from yesterday, 13 April 2023
In response to the Bank of England’s recent 0.25% increase in the BOE base rate, i.e. to 4.25% (on 23 March), HMRC’s late payment...
Farrell & Farrell
Apr 14, 20231 min read
Easter Opening Hours – 2023
The Easter holidays are here. Please note that our office will be closed Easter Monday & Easter Tuesday (10h & 11th April 2023) and will...
Farrell & Farrell
Apr 7, 20231 min read
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
Farrell & Farrell
Mar 23, 20231 min read
We are hiring!
#hiring #accountant #recruitment #job #farrellandfarrell #hybrid #growingpractice
Farrell & Farrell
Mar 14, 20231 min read
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...
Farrell & Farrell
Feb 28, 20231 min read


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...
Farrell & Farrell
Feb 23, 20231 min read
UK - Bank of England Interest Rates
The Bank of England has today raised the interest rate from 3.5% to 4%.
Farrell & Farrell
Feb 2, 20231 min read
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...
Farrell & Farrell
Dec 21, 20221 min read


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...
Farrell & Farrell
Dec 20, 20221 min read
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...
Farrell & Farrell
Dec 15, 20221 min read


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...
Farrell & Farrell
Dec 13, 20221 min read


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...
Farrell & Farrell
Nov 22, 20221 min read


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...
Farrell & Farrell
Nov 9, 20221 min read
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...
Farrell & Farrell
Nov 8, 20221 min read
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.
Farrell & Farrell
Nov 3, 20221 min read
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