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Haven’t paid your 2020/21 tax bill!! Act now…
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...
Farrell & Farrell
Mar 22, 20221 min read


UK National Minimum Wage Increase (NMW) & UK National Insurance Increase (NIC)
Please find attached our summary of the upcoming changes in regard to UK PAYE.
Farrell & Farrell
Mar 15, 20221 min read


UK Income tax 2020/21 – HMRC Late filing and payment penalties waived
Similar to last year, whilst there isn’t an extension of the Self Assessment income tax deadline, HMRC announced yesterday that Self...
Farrell & Farrell
Jan 7, 20221 min read


Christmas Opening Hours
Our office will be closed from Thursday, 23rd December 2021 and reopening on Tuesday, 4th January 2022. FROM ALL OF US AT FARRELL &...
Farrell & Farrell
Dec 21, 20211 min read
NI - SSP TEMPORARY CHANGES
SSP TEMPORARY CHANGES - The Statutory Sick Pay (SSP) rules have been temporarily amended in Northern Ireland and Great Britain to extend...
Farrell & Farrell
Dec 21, 20211 min read


HMRC company car advisory fuel rates from 1 December 2021
The HMRC company car advisory fuel rates that apply from 1 December 2021 have been increased reflecting a sharp increase in fuel prices...
Farrell & Farrell
Nov 25, 20211 min read


COVID-19 NI - Economic Recovery Innovation Grant (ERIG)
Please find attached our summary regarding the Economic Recovery Innovation Grant scheme.
Farrell & Farrell
Nov 10, 20211 min read
UK Interest Rates held at 0.1%
The Bank of England are to hold the interest rate at 0.1% but indicate that this may rise in the coming months.
Farrell & Farrell
Nov 4, 20211 min read
UK: HMRC collected IHT over £6bn during the pandemic
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...
Farrell & Farrell
Sep 27, 20211 min read


UK: Making Tax Digital (MTD) for Income Tax Extended by another year
HMRC has announced today that Making Tax Digital (MTD) for Income Tax Self-Assessment has been pushed back by a further 12 months. HMRC...
Farrell & Farrell
Sep 23, 20211 min read


UK: Reminder - New 12.5% Hospitality VAT rate from 1 October
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...
Farrell & Farrell
Sep 21, 20211 min read


F&F Friday Tip - Business Plan Guide
Please find our summary attached on the key elements of an effective business plan. Business plans are essential when you are looking for...
Farrell & Farrell
Sep 17, 20211 min read


HIGH STREET VOUCHER SCHEME
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...
Farrell & Farrell
Sep 15, 20211 min read


Sales Accelerator Programme
Lisburn & Castlereagh City Council and Newry and Mourne and Down District Council have launched the Sales Accelerator Programme to help...
Farrell & Farrell
Sep 13, 20211 min read
SEISS Grant Payments for Partnerships & Individual Partners
If you are a partner who has claimed the SEISS grants because the coronavirus pandemic has adversely affected the partnership’s business,...
Farrell & Farrell
Sep 10, 20211 min read


UK: New Health and Social Care Levy announced
The Prime Minister has today announced a new UK wide “Health and Social Care Levy” to come into effect from April 2022. The aim of the...
Farrell & Farrell
Sep 7, 20211 min read
REMINDER: CJRS SCHEME CLOSING 30 SEPTEMBER 2021
The Coronavirus Job Retention Scheme (CJRS) is due to end on 30th September 2021. After this date the Government will no longer make...
Farrell & Farrell
Sep 7, 20211 min read


COVID-19 NI, Tourism Sector - Experience Development Programme
Tourism NI have announced the launch of the Experience Development Programme 2021-23. This Programme is designed to provide financial...
Farrell & Farrell
Sep 2, 20211 min read


HMRC company car advisory fuel rates from 1 September 2021
The HMRC company car advisory fuel rates that apply from 1 September 2021 have been increased reflecting a sharp increase in fuel prices...
Farrell & Farrell
Sep 1, 20211 min read


Retail Recovery Programme NI
The six Further Education Colleges in NI, together with Retail NI, are offering a range of programmes consisting of webinars,...
Farrell & Farrell
Aug 24, 20211 min read
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