What is the HMRC Let Property Campaign?

The Let Property Campaign is HMRC's initiative to recover lost tax revenues from private landlords who have not made a disclosure about their rental income to them in the past.

HMRC are using new more effective measures to identify landlords who have let property but not declared it on their tax return. Those who they identify face having to pay back all of the tax they would of owed plus interest and penalty fines.

If you have received a letter from HMRC then you have to act promptly as there can be increased penalties and they have the power to bring criminal proceedings. If you have not received a letter you should consider making a let property disclosure as there will be less interest and penalties.

We can help you make your Let Property Campaign disclosure easy and hassle free whilst ensuring you only pay the right amount of tax. We give a full tax review on all of the years you did not declare, helping identify allowable expenses or reliefs that could help minimise your tax liability.

Our Service

Deal with HMRC for you

We will set you up on the tax system and register you as a client, allowing us to act on your behalf, dealing with HMRC from start to finish.

Free Full Tax Review

We give a full tax review on all of the years you did not declare, ensuring we include any allowable expenses or reliefs that could help minimise your tax liability.

Easy & Friendly Service

We have designed our service to be as easy and pain free as possible. We have a number of different methods to make taking your information easy.

Qualified ACCA Accountants

Our UK qualified accountants have over 20 years experience with tax and dealing with HMRC.

STarter

£6
/mailbox/month

1 x IMAP Mailbox

Make an impression on your customers with a customised domain email address like yourname@yourbusiness.co.uk.

1 x IMAP Email Address Included

1 x Domain Purchase, Setup or Transfer Included

UNLIMITED Storage

Full-featured web interface for desktop, tablet and mobile

Fully synchronized email on mobile and desktop with IMAP
Free integrated calendar† with each mailbox (1st year only)
Free online storage† (1st year only)
Free Support and Installation help

Get in touch

BUSINESS

£15
5 mailboxes/month

5 x IMAP Mailboxes

Go further by adding functional email addresses like sales@, accounts@ or support@. And keep the communication flowing.

5 x IMAP Email Addresses Included

1 x Domain Purchase, Setup or Transfer Included

UNLIMITED Storage

Full-featured web interface for desktop, tablet and mobile

Fully synchronized email on mobile and desktop with IMAP
Free integrated calendar† with each mailbox (1st year only)
Free online storage† (1st year only)
Free Support and Installation help

Get in touch

Hosted Exchange

£8
/mailbox/month

1 x Hosted Exchange Mailbox

Hosted Exchange improves your productivity with powerful email, calendar and online collaboration tools.

Enjoy anywhere access to your email, contacts and calendars.

1 X Hosted Exchange Email Address Included

1 x Domain Purchase, Setup or Transfer Included

FREE! Get Microsoft Outlook® 2010 or Microsoft Outlook® for Mac 2011 for every user.

Easily share it all and schedule meetings with your colleagues.
Secure your email with free virus and spam protection.
Free expert Microsoft Exchange® support for set up, maintenance and troubleshooting.

Get in touch

† FREE Calendar and FREE Online Storage are free only for the initial Email plan term purchased. At the end of the initial term, these products will automatically renew at the then-current rate. Products will automatically renew until cancelled. Please contact us to let us know if you want to turn off the auto-renewal feature.

All of our Email Services can be paid for by standing monthly order just like the rest of our services. Please Contact Us for more details.

Read ALl

ABOUT
THE LET PROPERTY CAMPAIGN

WHAT IS THE LET PROPERTY CAMPAIGN?

The Let Property Campaign is HMRC's initiative to recuperate lost tax revenues using new measures to identify private landlords that have not declared their rental income to them in the past 20 years.

Through deposit protection schemes, land registry lists and landlord’s insurance databases, HMRC are slowly but surely cross checking their tax records to identify anyone who hasn’t previously declared their rental income.

Once identified people are asked to "join" the campaign which will start the process of calculating your bill. Interest is applied to all money owed as well as penalties that can range up to 70% depending on the circumstances surrounding the claim.

If you make a voluntary disclosure to HMRC then we can negotiate much fairer penalties saving thousands of pounds in some cases!

HMRC LETTERS

If HMRC suspects that you have a rental property but can not see where it is declared then they will send you a letter detailing their suspicions.

Once you receive the letter there is a deadline of 30 days to which you must respond and either concede and "join" the Let Property Campaign or tell them they are mistaken. Once joined you are then given 3 months to calculate your tax and arrange payment.

If you do not act promptly when you have received a letter the penalties can be steep and in some cases they have the power to bring criminal proceedings.

HOW IS THE BILL CALCULATED?

Your total bill is calculated by working out the tax you would have owed for each year of undeclared income and then adding on interest (currently 3%/Year) and financial penalties.

To work out the tax owed, you have to calculate the profit/loss from each rental property which allows you to claim certain expenses and reliefs that will help to reduce your tax liability.

The calculated tax is then subject to an annual interest for the period of time that you have owed the tax. Penalties are then added at a rate determined by the circumstances of your disclosure.

LET PROPERTY CAMPAIGN PENALTIES

The amount or percentage of penalties you may receive all depend on your situation surrounding the claim including whether you have received a letter or not from the HMRC or that you have acted within their time limits for paying.

The percentage rates below should be considered as a guideline:

Circumstance	Before Letter	After Letter
Careless under disclosure of income on your tax return	No Penalty	15 to 30%
Careless non disclosure of income on your tax return	10%	15 - 30%
Deliberate under disclosure of income on your tax return	20%	35 - 70%
Deliberate non disclosure of income on your tax return	20%	35 - 100%

NO LETTER? SHOULD I DISCLOSE?

With the reduced penalties on "unprompted" disclosures and the fact that HMRC are continually looking for new ways of finding people, it is good idea to start the process before you get a letter.

If you have not received a letter from HMRC but your circumstances fit any of the following then you should consider making a disclosure:

Landlords with single or multiple rentals.
Holiday lettings and specialist landlords with student/workforce rentals.
Renting out a room in your main home for more than the Rent a Room Scheme threshold.
Those who live abroad for 6 months or more and rent out UK property may still be liable to UK taxes.

Frequently Asked Questions

I haven't received a letter, should I make a disclosure?

Yes, we would recommend disclosing as soon as possible. With the HMRC developing new ways to find undeclared rental income it is only a matter of time. You are treated much more preferably if you disclose before you have been sent a letter.

What happens if I don't disclose?

If you don't pay and HMRC finds out that you have purposefully not declared the income then you could be hit with penalties of up to 100% (200% if offshore property) of the unpaid tax and even a criminal prosecution.

How long does the process take?

The process depends what stage you are at, whether you have had a letter and whether you have the rental information ready.

If you have been sent a letter by the HMRC there is a deadline of 30 days to which you must respond and either "join" the Let Property Campaign or tell them they are mistaken. Once joined you are given 3 months to calculate your tax and arrange payment.

Do I need to disclose a garage or commercial unit?

Not under the Let Property Campaign - This campaign isn’t open to those landlords who are letting out non-residential properties such as a shop, garage or lock up. It also can’t be used by those wishing to disclose income on behalf of a company or a trust.If you don’t know if you need to disclose unpaid taxes under this campaign use HMRC's Let Property Questionnaire to help you decide.

What happens after the disclosure?

Once you have arranged payment terms with the HMRC, you simply have to make the payments and that is the end of it as far as HMRC are concerned. From then onwards you will be expected to complete a tax return every year ongoing that you receive income from your rental property.

LPC disclosure service

Pricing From

£700 +VAT

Get a free Let property campaign tax review

If you are interested in talking to us about your disclosure or want to get a custom quote then please don't hesitate to get in touch.

0208 858 4303

info@finsburyrobinson.co.uk

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Item

Soletrader

Start Up

Business

Business+

No. of Pages

The number of pages can be increased for a small extra cost. Please see our ‘Extras’ Tab below the table for more information.

Free Domain Purchase

We consult with you on your ideal domain name before researching into what variations are available. 2 Years fees are included.

Responsive Design

All of our sites are specially designed to auto adjust to any screen size. They also include special mobile and tablet views making them truly versatile.

Data/Contact Forms

We can create data capture and contact forms that allow you to do more with your website – Messages, Newsletters, Questionnaires, Bookings and more.

Stock Images

We expect most customers will have their own images to fill out the website but we will buy stock images to cover the rest which will be sent to you to keep after.

Social Media Integration

We can integrate share buttons, like buttons, twitter feeds, facebook feeds and a whole lot more. Please ask us about your requirements.

Google Plus Set Up

We will set up Google Plus and create a Google Business Page for your business. This is a major starting point in aiming for good search rankings.

Analytics Tools Set Up

We will set up and show you how to access Google’s Analytics and Webmaster Tools software. This will give you a plethora of visitor information statistics.

Monthly Analytics Reports

Using Google’s analytics software we can create automatic visitor statistic reports that can be sent to you every day, week or month.

Standard SEO

Our standard Search Engine Optimisation service includes our recommended SEO techniques to get your business off to good start with SEO

Premium SEO

Our Premium SEO service includes all of the services included in the Standard service plus some quality back linking and Keyword Analysis. See below for more info.

Logo Design

This a professional service by our in house Graphic Designer. This will give you a quality logo to suit your business that can be used across your marketing.

Package Costs

£450 + VAT

£850 + VAT

£1,175 + VAT

£1,550 + VAT

HMRC Let Property Campaign Disclosure

FREE LPC
Review

What is the HMRC Let Property Campaign?

Our Let property Campaign Disclosure Service

FACT FINDING

LIABILITY ANALYSIS

DISCLOSURE