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06/06/2025
HMRC criticised for time taken to process tax refunds
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). Read More...
 
Is it time to use up this year’s cash ISA Allowance?Changes to notifications by employers to operate PAYE on a proportion of a globally mobile employee’s income and Overseas Workday Relief
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. ..
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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. ..
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HMRC’s ‘Help for Hustles’ Campaign
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...
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June Questions and AnswersJune Key Dates

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? Answer

Q: I have a main job with a company (tax paid through PAYE) and a secondary ‘side hustle’. How does this affect my tax status and how do I pay any extra tax owed? Answer

Q: I claimed the home working entitlement during the Covid 19 pandemic. I still work from home now – should I still be claiming this tax relief? Answer

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 HMRC by post, for May.

22nd

  • Deadline for employers operating PAYE to pay HMRC electronically, for May.

30th

  • Corporation Tax Returns (CT600 form) are due for companies with a year-end of 30th June.
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