Latest Tax Tips and News - June 2025

• HMRC criticised for time taken to process tax refunds

  Newsletter issue – June 2025 HMRC is under scrutiny for taking over four months to process tax refunds, a process that previously took just a few weeks. The delays are particularly affecting employers' PAYE refunds and the Construction Industry Scheme (CIS). It has faced criticism from MPs regarding long call-waiting times, increasing complexity in the…Read More

• Is it time to use up this year’s cash ISA Allowance?

  Newsletter issue – June 2025 Rumours have swirled since before the last Autumn Statement about a possible cut to the annual cash ISA allowance. It is now known that the Chancellor has been evaluating cutting this allowance. It is not yet known what, if anything, has been decided but there is talk of it being…Read More

• Changes to notifications by employers to operate PAYE on a proportion of a globally mobile employee’s income and Overseas Workday Relief

  Newsletter issue – June 2025 The previous non-domicile rules regarding operating PAYE on a reduced percentage of an employee's income (known as Section 690) ended, replaced by a system based on tax residence. Any HMRC directions issued before 6 April 2025 are no longer valid - employers must submit a new notification to operate PAYE…Read More

• HMRC’s ‘Help for Hustles’ Campaign

  Newsletter issue – June 2025 This is a recent initiative by HMRC. The campaign is designed to assist individuals who earn extra income outside their main job, ensuring they understand their tax obligations. HMRC set up this initiative as more people have taken on 'side hustles' to help them through the cost-of-living crisis but may…Read More

• June Questions and Answers

  Newsletter issue – June 2025 Q: I've reached that stage in my life where I need to think about my estate and the amount of inheritance tax that may be paid on it. I've heard that gifting money before I die is free of IHT. Can you please explain how this works? A:Certainly. You can…Read More

• June Key Dates

  Newsletter issue – June 2025 1st Corporation Tax payments are due for companies with a year-end of 30th September. 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC. It is also the deadline for employers operating PAYE to pay…Read More

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