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HMRC company car advisory fuel rates from 1 December 2022
The HMRC company car advisory fuel rates that apply from 1 December 2022 remain unchanged from the September 2022 rates for all classes...
Farrell & Farrell
Nov 22, 20221 min read
Farrell & Farrell
Nov 18, 20220 min read


UK - Headline points from the Chancellor’s Autumn Statement 2022
Income tax – 20% & 40% rates remain unchanged. 45p tax rate to start from £125,140 instead of £150,000. This means people will pay an...
Farrell & Farrell
Nov 17, 20222 min read


Reversal of National Insurance Increase
From the 6 November 2022, the 1.25% cut to National Insurance rates for employees and employers takes effect across the UK. The tax cut...
Farrell & Farrell
Nov 9, 20221 min read
UK – HMRC late payment interest rates to increase
In response to the Bank of England interest rate increase to 3.0%, HMRC’s late payment interest rates will also increase with effect from...
Farrell & Farrell
Nov 8, 20221 min read
UK - Bank of England Interest Rates
The Bank of England has today raised the interest rate from 2.25% to 3%, which is the highest increase in 33 years.
Farrell & Farrell
Nov 3, 20221 min read


UK - Tax Free Childcare Scheme
Please find attached a detailed summary of the Tax Free Childcare Scheme.
Farrell & Farrell
Oct 21, 20221 min read


Northern Ireland student loans to rise by 40% due to cost of living
Northern Ireland's Economy Minister has announced a 40% increase in student maintenance loans from 2023. The increase will aim to...
Farrell & Farrell
Oct 20, 20221 min read
Farrell & Farrell
Oct 19, 20220 min read


Farrell & Farrell
Oct 18, 20220 min read


ROI – Extension announced to Debt Warehousing – 1 May 2024
Irish Revenue have announced an extension to the Debt Warehousing Scheme due to the current challenging economic situation for...
Farrell & Farrell
Oct 18, 20221 min read


The New UK Chancellor has announced a new financial plan
The new Chancellor appointed last Friday, Mr Jeremy Hunt announced today that the Government will reverse “almost all” of the tax cuts...
Farrell & Farrell
Oct 17, 20222 min read


Farrell & Farrell
Oct 14, 20220 min read
UK: Government U-turn on Corporation tax
In response to the market turmoil since the announcement of the Mini-Budget, the Prime Minister Liz Truss has sacked the Chancellor Kwasi...
Farrell & Farrell
Oct 14, 20221 min read


MTD for VAT filing will become mandatory from 1 November 2022
All VAT-registered businesses must use Making Tax Digital (MTD) compatible software for their VAT returns from 1 November 2022. From 1...
Farrell & Farrell
Oct 13, 20221 min read
UK: Chancellor scraps plans to remove 45% income tax rate for high earners
The Chancellor, Kwasi Kwarteng, has today announced that the Government will not go ahead with plans to abolish the 45p rate of income...
Farrell & Farrell
Oct 3, 20221 min read


Farrell & Farrell
Sep 28, 20220 min read
UK: Bank of England to buy Government bonds
The BOE has today announced that it will step in and buy Government bonds to help “restore orderly market conditions”. The pound has...
Farrell & Farrell
Sep 28, 20221 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: MINI BUDGET 2022
The Chancellor has today announced his Growth Plan to tackle high energy costs and inflation. Please see below our summary of the key...
Farrell & Farrell
Sep 22, 20222 min read
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