MTD filing period
The first MTD filing period opens soon and tax payers need to be aware of what they need to do before August.
-
Who we are
About us
We're more than just accountants. We care about our clients and build long term relationships.
Client stories
We work with some great clients. Read about their challenges and how we have helped them.
Meet the team
Great work requires great people and we think we have some of the best. Learn more about them here.
Business sectors we support
We have a range of clients. No two projects are the same, and every day we solve fresh challenges.
Join our team
If you want to join an enthusiatic team and continue your learning we'd love to hear from you.
- What we do
Taxation for individuals and trusts
Be compliant - we know the rules.
Audit and assurance services
Navigate regulatory complexity - we provide the expertise.
Accounting and taxation for business
Focus on your business - we'll manage the books and tax.
Charity and community interest companies (CICs)
Accounting for good - we have experience of CICs.
International accountancy services
Remove the hassle - let us take care of your International tax and accounting.
Bookkeeping, VAT, cloud accounting & payroll
Reduce the pain - we can handle your monthly calculations.
Tax planning
Reduce your tax liabilities - we'll show you how.
Business advisory and wealth creation
Grow your business and wealth - we know what it takes.
Family Investment Company (FIC)
An effective and flexible strategy to manage and protect family wealth, and to plan for generational succession
- Who we are
- What we do
- Taxation for individuals and trusts
- Audit and assurance services
- Accounting and taxation for business
- Charity and community interest companies (CICs)
- International accountancy services
- Bookkeeping, VAT, cloud accounting & payroll
- Tax planning
- Business advisory and wealth creation
- Family Investment Company (FIC)
- News
- Client stories
- Testimonials
- Contact us
Understanding the Let Property Campaign
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:
- Reduced penalties – typically lower than if HMRC uncovers the issue on their own
- Closure – once the disclosure is complete and accepted, you can move forward without fear of further action
- Flexible payment options – HMRC may agree to payment plan for those who cannot settle their liability in one go
Making a disclosure under the Let Property Campaign involves several steps:
- Notify HMRC of your intention to disclose
- Gather information about your rental income, expenses and any previous omissions
- Calculate the tax owed along with interest and penalties
- Submit the disclosure within the 90 day deadline provided by HMRC
- Pay what you owe or arrange a payment plan
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 509Related Posts
New tax year payroll checklist for employers
The start of a new tax year is a good opportunity for employers to review their payroll processes and make sure everything is set up correctly for the year ahead. A quick check can help avoid payroll errors, employee queries and HMRC issues later in the year.
Companies House identity checks
Under the Economic Crime and Corporate Transparency Act, Companies House is being given powers to improve the accuracy of the register, reduce misuse of UK companies and strengthen confidence in company information. To assist with this, identity verification began rolling out from 18 November 2025.
- What we do