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01/06/2025

June Tax Tips and News

Welcome to Sephton’s monthly newsletter. Here, you’ll find all our latest tax tips as well as the news that’s affecting our clients. If you scroll down the page, you’ll see you have access to the complete archive too. We’re committed to making sure our clients receive useful advice and support throughout the year.

If you need further assistance though, please get in touch using the details on the ‘contact’ page. We’re happy to help.

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?

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. Read More...

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

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. Read More...

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. Read More...

June Questions and Answers

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? Read More...

June Key Dates

1st June - Corporation Tax payments are due for companies with a year-end of 30th September. Read More...

About Us

Sephton Accountants are based in West Midlands, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website sephton.co.uk for more information.

Marston House 5 Elmdon Lane Marston Green Solihull B37 7DL

Sephton is a trading name of Sephton & Company LLP