From 17th February, taxpayers who owe money to HMRC will pay 7% interest, down from 7.25%. HMRC say that 1.1 million self-assessment...

The Bank of England has today confirmed that interest rates will be cut to 4.5%, from 4.75%. #FarrellAndFarrell #crossbordertaxadvisors...

Basis Period Reform was introduced for tax year 2023/24 meaning sole traders and partners in a business have to report their profits on a...

HMRC have updated some of their text messages to make them easier to recognise as genuine.   The new ‘branded messages’ include the HMRC...

The European Central Bank has cut interest rates by a quarter-point to 3 per cent, warning that growth will be weaker than it had...

If you have made disposals of chargeable assets between 1 January 20 24  and 30 November 20 24  and realised a chargeable gain, any Irish...

The ROI NMW will increase with effect from 1 January 2025. The rates for the various groups of workers can be viewed in the following...

The Revenue Commissioners have become aware of SMS (text messages) purporting to come from Revenue seeking personal information from...

The HMRC company car advisory fuel rates that apply from 1 December 2024 have been cut for petrol and diesel vehicles by 1p per mile, and...

Property owners of residences newly liable for Local Property Tax (LPT) for the first time in 2025 are reminded to submit their LPT...

Inflation hit 2.3% in October, up 0.6% in a month, marking the largest increase in two years, driven by hike in energy price cap. The...

If your property has become liable for LPT for 2025, you need to value your property and submit your LPT return by 2 December 2024. Your...

The Small business Energy Charter has been launched to provide local energy consumers with enhanced protections this winter. Electricity...

The deadline for the submission of Irish Income Tax returns for tax year 2023 (1 January 2023 – 31 December 2023) is fast approaching....

UK: Bank of England cuts interest rates by 0.25% to 4.75%.  #FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors...

Please find attached a detailed summary of the UK Autumn Budget 2024 as announced yesterday by the Chancellor, Rachel Reeves. If you have...

Ahead of today’s Autumn Budget, the Chancellor announced yesterday that the UK National Living Wage (NLW) for those aged 21+ will...

The inflation rate in September has fallen unexpectedly to 1.7%, the lowest rate for three and a half years and below the Bank of...

People have until 5 April 2025 to maximise their state pension by making voluntary National Insurance (NI) contributions dating back...

HMRC is changing the way employees can claim PAYE employment expenses by going back to paper submissions through the post to reduce...