The Let Property Campaign
It has been some time since we posted information on this campaign. It is really the only campaign that is open to anyone who wishes to have a clean sheet with HMRC in respect of property, declare previously undisclosed income from renting property or selling a property and achieve this without any HMRC intervention and obtain closure in return for making payment to them.
It’s not easy to navigate this digital disclosure as you are required to show them your net profit from Rental and that requires some technical knowledge of what you can and can’t claim. If you do make mistakes, HMRC will write to you asking you to explain certain matters or provide documentation and by using an experienced tax specialist, this digital disclosure can be declared, filed with HMRC correctly from the start and avoid any further queries from HMRC arising.
You are also required to calculate the interest due to HMRC on the late paid tax shown in the disclosure. Again this is a minefield and if you get it wrong, HMRC will point it out and expect you to put it right. We can calculate this interest for you using the revenue’s own guidance to ensure a seamless disclosure is made.
Then how will you know which penalty to choose? being the right one for your circumstances. Penalties can be lower by making a completely voluntary disclosure and we know how to choose the right one for your circumstances and the most cost-effective one.
We can provide you with a fixed price quote for doing all of the work so you know exactly where you are from day one. Our VAT inclusive quote can be relied upon following an initial telephone call with you and information gathering. Then we can get on with all of the work for you by email and you will not be required to meet us face-to-face unless you want to. We are based in Hull and if you want to come and see us, you are most welcome to come to our lovely offices in Anlaby just outside of Hull. However, we can do it by email and scanning documentation and do this very efficiently and quickly for you to contact us as below and we will explain it all to you over the phone or over Zoom.
See our later blogs for more information on the left property campaign and all the expenses you can claim.
Call Andy Rusling on 07879 464577, Lindsay on 07584 706664 or email us for a prompt reply.
Or complete our contact form to send us an email to which we will give you a prompt reply.