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UK Spring Statement 2025
Please find attached a detailed summary of the UK Spring Statement as announced yesterday by the Chancellor, Rachel Reeves. If you have...
Farrell & Farrell
6 days ago1 min read
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UK: Bank of England interest rate
The Bank of England has announced that it will maintain the UK interest rate at 4.5%. #FarrellAndFarrell #crossbordertaxadvisors...
Farrell & Farrell
Mar 201 min read
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UK: Globally Mobile Employee – tax year 2025/26 changes
From 6‌‌‌ April‌‌‌ 2025, section 690 Income Tax (Earnings and Pensions) Act 2003 is changing and the current process of applying for an...
Farrell & Farrell
Mar 181 min read
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UK: HMRC company car advisory fuel rates from 1 March 2025
These HMRC rates only apply to: Reimburse employees for business travel in their company cars; or Require employees to repay the cost of...
Farrell & Farrell
Feb 261 min read
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UK: HMRC to reduce interest rate charges on late payments
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...
Farrell & Farrell
Feb 121 min read
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UK: BOE interest rate cut to 4.5%
The Bank of England has today confirmed that interest rates will be cut to 4.5%, from 4.75%. #FarrellAndFarrell #crossbordertaxadvisors...
Farrell & Farrell
Feb 61 min read
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UK: Self Employed Tax Return Late Filing Penalties
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...
Farrell & Farrell
Feb 41 min read
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UK: Changes to HMRC text messages
HMRC have updated some of their text messages to make them easier to recognise as genuine.  The new ‘branded messages’ include the HMRC...
Farrell & Farrell
Jan 161 min read
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Updated office hours
Our office will close at 1pm on Fridays.
Farrell & Farrell
Nov 29, 20241 min read
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UK: HMRC company car advisory fuel rates
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...
Farrell & Farrell
Nov 28, 20241 min read
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UK: Jump in inflation to 2.3%
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...
Farrell & Farrell
Nov 21, 20241 min read
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UK: Winter energy support measures for small businesses
The Small business Energy Charter has been launched to provide local energy consumers with enhanced protections this winter. Electricity...
Farrell & Farrell
Nov 14, 20241 min read
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Bank England cuts interest rate
UK: Bank of England cuts interest rates by 0.25% to 4.75%. #FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors...
Farrell & Farrell
Nov 7, 20241 min read
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UK AUTUMN BUDGET 2024
Please find attached a detailed summary of the UK Autumn Budget 2024 as announced yesterday by the Chancellor, Rachel Reeves. If you have...
Farrell & Farrell
Oct 31, 20241 min read
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UK: NMW INCREASE APRIL 2025
Ahead of today’s Autumn Budget, the Chancellor announced yesterday that the UK National Living Wage (NLW) for those aged 21+ will...
Farrell & Farrell
Oct 30, 20241 min read
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UK: Inflation rate falls to 1.7% in September 2024
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...
Farrell & Farrell
Oct 16, 20241 min read
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UK: Six months left to pay missing National Insurance to state pension.
People have until 5 April 2025 to maximise their state pension by making voluntary National Insurance (NI) contributions dating back...
Farrell & Farrell
Oct 11, 20241 min read
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UK: HMRC reverts to paper submissions for P87 expenses claims
HMRC is changing the way employees can claim PAYE employment expenses by going back to paper submissions through the post to reduce...
Farrell & Farrell
Oct 10, 20241 min read
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UK: Local news – new Banking Hub
Warrenpoint welcomes a new Banking Hub at 7 Church Street, providing much-needed access to banking services after the closure of several...
Farrell & Farrell
Oct 8, 20241 min read
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UK: New non-compliance penalties for companies
New non-compliance penalties for companies Registered companies are being warned to keep on top of their responsibilities ahead of new...
Farrell & Farrell
Oct 4, 20241 min read
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