We're more than just accountants. We care about our clients and build long term relationships.
We work with some great clients. Read about their challenges and how we have helped them.
Great work requires great people and we think we have some of the best. Learn more about them here.
We have a range of clients. No two projects are the same, and every day we solve fresh challenges.
If you want to join an enthusiatic team and continue your learning we'd love to hear from you.
Be compliant - we know the rules.
Navigate regulatory complexity - we provide the expertise.
Focus on your business - we'll manage the books and tax.
Accounting for good - we have experience of CICs.
Remove the hassle - let us take care of your International tax and accounting.
Reduce the pain - we can handle your monthly calculations.
Reduce your tax liabilities - we'll show you how.
Grow your business and wealth - we know what it takes.
An effective and flexible strategy to manage and protect family wealth, and to plan for generational succession
If you are a landlord in the UK, you may have heard of the Let Property Campaign. This is an initiative from HM Revenue and Customs that gives individuals the chance to bring their tax affairs up to date if they have undeclared rental income.
For many landlords, the idea of dealing with HMRC can feel daunting. Especially if they receive a letter suggesting that not all of their rental income has been reported. However, understanding how the Let Property Campaign works can make a big difference the outcome.
It is aimed any an individual landlord in receipt of rental income both in the UK or overseas who may not have declared or have made mistakes in previous returns.
HMRC will first write to a landlord when they have reason to believe there is undeclared rental income. Receiving a letter can feel unsettling but ignoring it is not an option. Responding promptly and correctly is crucial as failing to do so could result in higher penalties, interest charges or possibly a tax investigation.
The campaign is designed to encourage voluntary disclosure. By coming forward before HMRC launches a full enquiry, landlords usually benefit from:
Making a disclosure under the Let Property Campaign involves several steps:
The process may sound straightforward but accurate calculations is essential. This is where professional advice can save landlords a great deal of time, stress and potentially money.
Many landlords unintentionally fail to declare all of their rental income. We have heard many reasons over the years such as not realising that Airbnb counts as taxable income, believing that rental losses mean there is no need to file a return, forgetting about overseas properties or assuming UK tax does not apply and incorrectly claiming expenses or misunderstanding allowable deductions. HMRC takes the view that it is the landlord’s responsibility to know and comply with tax rules. Even honest mistakes can result in penalties if they are not corrected.
If you have received a letter from HMRC about undeclared rental income or if you suspect you may need to make a disclosure under the Let Property Campaign then you may need some help with this.
We have assisted many taxpayers with this over the years since this campaign has been in place and we continue to do so.
For confidential advice and support, please contact us:
info@dominichill.co.uk
01323 649 509
Following on from the Christmas holidays and meeting up with our family and loved ones, some people have had a great opportunity to make long term financial plans together. A family should make plans for protection, succession and taxation of its wealth to ensure that the next generation get the best opportunity to thrive in the future. At Dominic Hill we frequently hold meetings with multiple generations of one family to discuss and plan for such matters.
After the Office for Budget Responsibility accidentally published the fiscal report two hours earlier than expected, we were able to follow along with Rachel Reeves’s changes as they were announced.
The next UK Budget (the Autumn Budget 2025) is scheduled for 26 November 2025, when the Chancellor of the Exchequer will set out the government’s tax, spending and borrowing plans.