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UK - Tax Free Childcare Scheme
Please find attached a detailed summary of the Tax Free Childcare Scheme.
Farrell & Farrell
Oct 21, 20221 min read


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...
Farrell & Farrell
Oct 20, 20221 min read


Farrell & Farrell
Oct 18, 20220 min read


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...
Farrell & Farrell
Oct 17, 20222 min read
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...
Farrell & Farrell
Oct 14, 20221 min read


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...
Farrell & Farrell
Oct 13, 20221 min read
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...
Farrell & Farrell
Oct 3, 20221 min read
UK: Bank of England to buy Government bonds
The BOE has today announced that it will step in and buy Government bonds to help “restore orderly market conditions”. The pound has...
Farrell & Farrell
Sep 28, 20221 min read
UK – HMRC late payment interest rates to increase
In response to the Bank of England interest rate increase to 2.25%, HMRC’s late payment interest rates will also increase with effect...
Farrell & Farrell
Sep 26, 20221 min read


Energy Strategy for England, Scotland & Wales
In response to the current Energy crisis, our new Prime Minister, Liz Truss, has today announced a number of support measures to help...
Farrell & Farrell
Sep 8, 20221 min read
Penalty waiver for Making Tax Digital for VAT will be removed from November 2022
Penalty waiver for Making Tax Digital for VAT will be removed from November 2022 From 1 November 2022, businesses and agents will only be...
Farrell & Farrell
Sep 2, 20221 min read


HMRC company car advisory fuel rates from 1 September 2022
The HMRC company car advisory fuel rates that apply from 1 September 2022 have been increased reflecting a sharp increase in fuel prices...
Farrell & Farrell
Aug 24, 20221 min read
UK: Cost of living crisis - Inflation rate hits a new 40 year high
The Cost of Living crisis continues to worsen with the UK rate of inflation rising to 10.1% in the 12 months to July 2022 (up from 9.4%...
Farrell & Farrell
Aug 18, 20221 min read
UK – Student Loan interest rates cut again as a result of rising cost of living & inflation
The Government plans to cut student loan interest rates in England and Wales for the second time this summer as inflation and the cost of...
Farrell & Farrell
Aug 12, 20221 min read


UK – Are you eligible to claim marriage allowance?
Tax saving of £252 (potentially a tax savings of £1,242!) Marriage allowance is a tax perk available to lower income couples who are...
Farrell & Farrell
Aug 10, 20221 min read
UK – HMRC late payment interest rates to increase
In response to the Bank of England interest rate increase to 1.75%, HMRC’s late payment interest rates will also increase with effect...
Farrell & Farrell
Aug 8, 20221 min read
UK: Bank of England raises interest rates
The Bank of England has raised interest rates from 1.25% to 1.75%. This is the biggest rise for 27 years, as it battles to keep a lid on...
Farrell & Farrell
Aug 4, 20221 min read
UK Reminder: Second payment on account 2021/22 deadline
The second payment on account for UK self assessment tax year 2021/22 is due for payment on or before midnight Sunday, 31 July 2022. If...
Farrell & Farrell
Jul 27, 20221 min read


NI - ‘Make it Local’ Campaign
‘Make it Local’ is a campaign which will be launched by Newry, Mourne and Down District Council which will showcase the range of in-store...
Farrell & Farrell
Jul 25, 20221 min read
UK: Recovery Loan Scheme 2-year Extension
The Recovery Loan Scheme offering government backed loans to small businesses due to end on 30 June 2022, has been extended for a further...
Farrell & Farrell
Jul 21, 20221 min read
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