top of page
Search


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
UK: Inflation rate hits 40 year high
The UK rate of inflation rose to 9.4% in the 12 months to June 2022 (up from 9.1% in May 2022) as prices continue to rise at their...
Farrell & Farrell
Jul 21, 20221 min read
UK Leadership race = more short-term tax uncertainty for owner managers
The race to replace the Prime Minister, Boris Johnson is causing tax uncertainty for small company owners in the interim. In the UK, the...
Farrell & Farrell
Jul 19, 20221 min read
Bank raises UK interest rate to 1.25%
The Bank of England’s Monetary policy committee has announced interest rates are rising by 0.25% from 1% to 1.25%. Interest rates are now...
Farrell & Farrell
Jun 16, 20221 min read


UK: Reminder on changes to the National Insurance threshold from July
Following the introduction of the Health & Social Care Levy from April 2022, employees will pay National Insurance at 13.25% (previously...
Farrell & Farrell
Jun 15, 20221 min read
UK: Recovery Loan Scheme – Reminder
The deadline for submitting applications on the Recovery Loan Scheme is Thursday, 30 June 2022. The Recovery Loan Scheme supports access...
Farrell & Farrell
Jun 8, 20221 min read
UK: 2021/22 P11D deadline is fast approaching
The P11D return is required to report any expenses or benefits paid to employees or directors by employers during the tax year. Any...
Farrell & Farrell
Jun 6, 20221 min read
HMRC company car advisory fuel rates from 1 June 2022
The HMRC company car advisory fuel rates that apply from 1 June 2022 have been increased reflecting a sharp increase in fuel prices over...
Farrell & Farrell
Jun 2, 20221 min read


UK Rising Cost of Living Support Measures
The Chancellor, Rishi Sunak has today announced a number of support measures to help with the rising cost of living. Millions of...
Farrell & Farrell
May 26, 20221 min read


ROI: Further extension of 9% VAT rate for the Tourism and Hospitality industry
The Minister for Finance, Paschal Donohoe T.D., has announced the extension of the 9% Irish Value Added Tax (VAT) rate for the tourism...
Farrell & Farrell
May 11, 20221 min read
bottom of page

