Tax Tips & News

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01/06/2025

June Tax Tips & News

Welcome to the Stephen Hill Mid Kent Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here 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

Stephen Hill Mid Kent are a firm of chartered accountants with offices in Maidstone, New Romney and Dymchurch, offering local business owners and individuals a wide range of both general and specialist accountancy services and advice. We pride ourselves on being more than just accountants. Visit our website stephenhillmidkent.co.uk for more information.

31-33 Albion Place Maidstone Kent ME14 5DZ

Stephen Hill Mid Kent is a trading name of Stephen Hill Mid Kent Ltd