top of page
Search
UK: HMRC late payment interest cut by 0.25%
Further to the Bank of England cutting the base rate to 5% on 1 August, this has triggered a cut in HMRC interest rates. From 20th...
Farrell & Farrell
Aug 6, 20241 min read
UK: Pensions for seasonal temporary staff
HMRC has warned employers who take on extra staff over the summer to check if the workers are eligible for automatic enrolment into a...
Farrell & Farrell
Jul 26, 20241 min read
UK: HMRC company car advisory fuel rates
The HMRC company car advisory fuel rates that apply from June 2024 have been increased by between 1p and 2p for petrol and diesel...
Farrell & Farrell
Jun 3, 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...
Farrell & Farrell
Mar 20, 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...
Farrell & Farrell
Feb 27, 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...
Farrell & Farrell
Feb 20, 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...
Farrell & Farrell
Feb 16, 20241 min read
UK: HMRC CLARIFICATION – ELECTRIC COMPANY CARS/VANS
HMRC have clarified their position and updated the guidance relating to the tax treatment of employees charging wholly electric company...
Farrell & Farrell
Oct 17, 20231 min read
UK – HMRC interest rates increase again
As HMRC interest rates are linked to the Bank of England base rate, the 3 August increase from 5% to 5.25% has triggered another increase...
Farrell & Farrell
Aug 9, 20231 min read
UK Reminder: Second payment on account 2022/23 deadline
The second payment on account for UK self assessment tax year 2022/23 is due for payment on or before midnight Monday, 31 July 2023. If...
Farrell & Farrell
Jul 10, 20231 min read
UK – Further increases in HMRC late payment and repayment interest rates
Due to the increase in the Bank of England base rate last week, HMRC has since announced the associated increase in its interest rates...
Farrell & Farrell
Jun 28, 20231 min read
Shock announcement yesterday from HMRC with only 4 days notice!
HMRC is planning to close the self-assessment tax helpline from Monday 12 June 2023 for three months over the summer to focus call centre...
Farrell & Farrell
Jun 9, 20231 min read
UK - HMRC late payment & repayment interest rates to increase again from 22 May 2023
As HMRC interest rates are linked to the Bank of England base rate, the increase from 4.25% to 4.5% last week has triggered another...
Farrell & Farrell
May 17, 20231 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
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
bottom of page