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Farrell & Farrell
Apr 23, 20242 min read
UK: HMRC clarifies rules on tax relief for commuting costs for WFH employees.
HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home. As a general rule, there is no...
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Farrell & Farrell
Apr 18, 20241 min read
ROI: Debt Warehousing deadline - 1 May 2024
The deadline for the repayment of warehoused debt is fast approaching on 1 May 2024. On 1 May 2024, those with warehoused debt will be...
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Farrell & Farrell
Apr 15, 20241 min read
UK: HMRC freezes director’s loan interest at 2.25%
HMRC has confirmed that the official rate of interest will not be increased for directors’ loans outstanding throughout the tax year...
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Farrell & Farrell
Apr 5, 20241 min read
Tax Adviser Vacancy
#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...
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Farrell & Farrell
Mar 21, 20241 min read
UK: Interest rates will remain unchanged
The Bank of England has today confirmed that interest rates will remain unchanged at 5.25% as expected, despite a decrease in inflation. ...
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Farrell & Farrell
Mar 20, 20241 min read
EDIT: HMRC U-turn on plans to cut access to helplines
HMRC have just announced that further to feedback, they are now halting plans to restrict access to the self-assessment, VAT and PAYE...
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Farrell & Farrell
Mar 20, 20241 min read
ROI: Local Property Tax- annual payment due 21 March 2024
Thursday 21 March 2024 is Local Property (LPT) deduction date for property owners that opted to pay their 2024 LPT liability by annual...
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Farrell & Farrell
Mar 13, 20241 min read
UK: Tax Changes to High Income Child benefit Charge (HICBC)
From 6 April 2024 the adjusted net income threshold at which child benefit will begin to be withdrawn will increase from £50k to £60k,...
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Farrell & Farrell
Mar 7, 20241 min read
UK Spring Budget 2024
There is no doubt the upcoming General Election has influenced yesterday’s UK Spring Budget 2024. Individuals were the focus of this...
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Farrell & Farrell
Feb 27, 20241 min read
HMRC company car advisory fuel rates from 1 March 2024
The HMRC company car advisory fuel rates that apply from March 2024 have been cut by between 1p and 2p for all classes of vehicle. These...
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Farrell & Farrell
Feb 20, 20241 min read
ROI/NI: Ireland announces €800m cross border funding package
The Irish Taoiseach, Leo Varadkar, has today announced funding of over €800m for “Shared Island” ROI/NI cross border investments. This...
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Farrell & Farrell
Feb 20, 20241 min read
UK: HMRC U-Turn on BIK treatment of double cab pickups
HMRC have now announced that just days after the decision to treat double cab pickups (with a payload of more than one tonne) as cars...
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Farrell & Farrell
Feb 16, 20241 min read
UK: UK inflation remains at 4%
The Office for National Statistics (ONS) has confirmed that inflation remained unchanged at 4% in January, down from 10.1% this time last...
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Farrell & Farrell
Feb 16, 20241 min read
UK: HMRC BIK treatment of double cab pickups
HMRC have announced that new rules are coming into effect on 1 July 2024 in relation to the tax treatment of double cab pickups provided...
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Farrell & Farrell
Feb 15, 20241 min read
UK: UK economy in recession
New figures released by The Office for National Statistics today have confirmed that the UK economy has officially entered recession...
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Farrell & Farrell
Jan 18, 20241 min read
UK: PAYE BIKs to be payrolled from April 2026
HMRC has announced that payrolling benefits and paying class 1A NIC on benefits in kind (BIK) will be mandatory from April 2026, aiming...
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Farrell & Farrell
Jan 4, 20241 min read
UK: Child Benefit goes digital for new parents
Since 1977, families claiming Child Benefit had to fill out a paper form, post it, and wait as long as 16 weeks for their first payment....
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Farrell & Farrell
Jan 2, 20242 min read
UK: HMRC to clampdown on extra income ‘side hustles’
Are you earning extra income from a side activity of selling goods, selling time-based services, selling transport services (e.g....
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Farrell & Farrell
Dec 13, 20231 min read
UK: Grants Vacant to Vibrant scheme for Belfast city centre
Grants from £2,500 to £25,000 to renovate or repurpose a vacant space in Belfast city centre. Belfast City Council's Vacant to Vibrant...
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Farrell & Farrell
Dec 12, 20232 min read
CHRISTMAS GIFTS TO STAFF
If you are considering giving a Christmas present to your UK employees then why not consider a Christmas hamper, Christmas turkey or a...
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