What to expect if you are working with Whitley Stimpson as restrictions are eased?
As restrictions are eased in the government’s lockdown roadmap, we wanted to reassure you that our services remain uninterrupted.
Business rates on empty properties
As a landlord you may have lost income during the pandemic as tenants have left or gone into liquidation. Council tax (for residential properties) and business rates (for commercial premises) remain payable when a building is empty but there may be reliefs available....
How to report employee benefits
Employee expenses and benefits provided in the year to 5 April 2021 must be reported to HMRC by way of the P11D process by 6 July 2021. Every employee who received benefits or expenses in the year should be included in that process even if they have already left the...
Problems with holiday lets
Landlords of furnished holiday accommodation qualify for tax breaks if their property is available for short term lettings for at least 210 days a year and is actually let for 105 days in the year. Longer lets out of season are permitted but these must not exceed 155...
Tax credit renewals
All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900. You can renew your claim online at www.gov.uk/renewing-your-tax-credits-claim. If you need any...
Heightened security around SEISS grants
HMRC will be increasing the validation checks relating to the fourth round of Self Employment Income Support Scheme (SEISS) grants in an effort to combat fraudulent claims.