Buy to Let

HMRC’s landlord campaign brings in more than £50 million

Emma Lunn
Written By:
Emma Lunn

A campaign aimed at helping residential landlords get their tax affairs in order has brought in more than £50 million, according to HM Revenue and Customs (HMRC).

The Let Property Campaign, which HMRC launched in September 2013, is now one of the tax authority’s most successful voluntary disclosure opportunities.

More than 10,000 landlords have come forward to disclose tax on previously undeclared income under the campaign.

To help landlords further, HMRC has announced it will be running a Twitter Q&A from 6pm to 9pm on Tuesday 20 October 2015.

The Twitter Q&A will be run in partnership with a number of landlord professional bodies. These will each have 30 minutes to answer questions relating to wider aspects of renting out residential property, providing a one-stop shop for landlords to get rental advice throughout the evening.

HMRC’s section on tax is from 6pm to 7pm and hosted on @HMRCcustomers.

Caroline Addison, head of campaigns at HMRC, said: “The Let Property Campaign bringing in more than £50 million is further proof that our campaigns approach works. HMRCs 20 campaigns have now together generated over £1 billion across a variety of sectors.

“We want to help educate landlords, so the Twitter evening will give people a chance to get their questions answered by a group of expert organisations.”

Throughout the Let Property Campaign, HMRC has written to more than 80,000 landlords and more than 50,000 customers have used the campaign’s online educational products.