ted in baku

Ted’s Smart Travel Notebook: Baku 🇦🇿

FairFX is an official sponsor of Sky Sports F1® for the 2017 Formula 1 season, which means we’ll be running some great competitions throughout the season and our blog will feature lots of exciting travel tips, videos and behind the scenes insights. Head to our Sky Sports F1® hub to see the latest videos and tips >> Sky Sports F1® heads to Formula 1’s newest racing venue this weekend, the street circuit of Baku, Azerbaijan. Perched on the Caspian Sea, Baku is the ultimate ‘east meets west’ city with a European and Middle Eastern influence on food and architecture. At […]

woman in airport lounge

Overseas travel: what expenses are allowed?

Travelling abroad for work often presents more challenges than business travel within the UK, but expenses shouldn’t be one of them. As a general rule, you can claim for transport, subsistence and accommodation overseas just as you would at home, as long as you keep in mind HMRC’s ‘all or nothing rule’: to claim tax relief on business expenses they “must be incurred wholly, exclusively and necessarily in the performance of your duties”. Keep receipts Hold on to your receipts just as you would at home – not only will they demonstrate the amount that’s been paid, they can be […]

luggage airport girl business

A practical guide to your first overseas business trip

More than seven million business trips were taken by UK employees in 2016, the equivalent of thousands of travellers jetting off each day for work-related activities. For many companies, business travel is simply a regular, necessary occurrence, but for smaller or newly-established businesses, that first trip abroad is a landmark event – here’s what you need to know to get it right. Planning Planning as far in advance as possible gives you the best chance of both maximising your itinerary and saving on travel costs – and of course comfortably preparing what it is you need to do to meet […]

italian vinyard

Managing currency when buying property abroad

Buying a second home abroad continues to be a popular investment option. It provides a holiday haven when you want to get away from it all and can be a useful second income through lettings. If you’re considering buying property abroad, you’ve probably been thinking about where the best places to buy are and how to go about paying for your new home, without getting stung by the weak pound. We’ve put together these tips to help you get the most out of your new home abroad. 1. Look at the best value destinations Before you begin your property search […]

train travel expenses

13 tips for managing travel expenses

After payroll, travel is the second largest controllable expense for businesses according to statistics from Jupiter Research. But it doesn’t just come down to money spent on transport and accommodation: badly-managed expense reports, inaccurate data and time spent dealing with travel admin also drive up costs. But they can be reduced – here’s how. 1. Have a strong travel policy in place Many small businesses plan travel on an ad-hoc basis, dealing with trips as and when the need for them arises. But to effectively forecast travel costs you need to be clear on what can and cannot be claimed, […]

kremlin russia

Where to travel after the election: best value holiday destinations

The pound struggled against currencies worldwide as Theresa May’s Conservatives failed to win a clear majority due to Jeremy Corbyn’s Labour performing extremely well. But that doesn’t mean that you can’t book a fun filled holiday this year, you can still get more for your travel money through smart destination planning. Rather than opting for your usual European spots this year, why not tick off some more far-flung destinations or secret tourist gems? Look at where the pound has performed well over the long run and you can find destinations where your travel budget could go further. 🇦🇷 Argentina – […]

montreal globe

Ted’s Smart Travel Notebook: Montreal 🇨🇦

FairFX is an official sponsor of Sky Sports F1® for the 2017 Formula 1 season, which means we’ll be running some great competitions throughout the season and our blog will feature lots of exciting travel tips, videos and behind the scenes insights. Head to our Sky Sports F1® hub to see the latest videos and tips >> Montreal is set on an island in the Saint Lawrence River and named after Mount Royal, the hill at the heart of the city that provides an iconic view. Every area of the city has its own charm with cobbled streets, French colonial […]

Ted’s Smart Travel Notebook: Monaco 🇲🇨

FairFX is an official sponsor of Sky Sports F1® for the 2017 Formula 1 season, which means we’ll be running some great competitions throughout the season and our blog will feature lots of exciting travel tips, videos and behind the scenes insights. Head to our Sky Sports F1® hub to see the latest videos and tips >> Monaco may only be the second smallest country in the world but what it lacks in size, it makes up for in glamour, stunning sea views and celebrity residents.     Just in time for the Monaco Grand Prix, we’ve teamed up with […]

family flowers

Avoid paying over the odds for your holiday

Our latest research into travel costs has revealed that holiday prices can jump as much as £3,000 in one day, before falling again the next with no rhyme or reason. We’re all wary of holiday rip-offs, knowing prices can soar if you book late or travel during school breaks but we’ve discovered exactly how much prices fluctuate day to day in a 2 week period. We looked at a basket of 10 package holidays from different travel operators for a family of four – with one child aged five and one aged seven – all departing from Gatwick Airport. Tracking […]

barcelona view

Top Southern European city breaks this summer

As the sun starts to heat up in the south of Europe, we take a look at some of the top city break destinations to take your FairFX Prepaid Mastercard® Euro Card this summer. We’ve picked out some destinations where you can bask in the sunshine and indulge in fantastic food. And to celebrate our sponsorship of Sky Sports F1® this year, you can also watch the season’s hottest motorsport action in some of our top city picks. 🇪🇸 Barcelona, Spain One of the main attractions of any trip to Southern Europe is a dip in the calm blue waters of […]

dcc card payment

Safeguarding staff overseas: How to make sure you are prepared for the unexpected

There is a world of opportunity out there and businesses are taking advantage of it. The most up-to-date travel figures show there was a 6% rise in international business trips in 2015 and a 30% increase in business travel expenses, according to the Office for National Statistics. And even with Brexit on the horizon, many British firms are embracing a ‘business without borders’ approach and exploring new markets. But what does this mean for your staff travelling overseas and how do you ensure you keep them safe and stay on the right side of the law when it comes to […]

great wall china

Doing business with China – what do you need to know?

It’s the second biggest economy in the world and continues to grow at a staggering rate. The number of middle-class consumers in China alone is predicted to more than treble to 480 million by 2030. UK-China trade is on the increase too having increased 2.5 times in the past 10 years and worth around £60bn annually. With these statistics, it’s unsurprising that in the wake of Brexit, many companies are turning their attention to the east and what it has to offer. But with huge cultural and structural differences to western countries, there is a lot to consider before making […]