October 16 ,2015 | by Erin O’Neill

HMRC nets more than £50 million with landlord campaign

HMRC nets £50 million with landlord campaign

HM Revenue and Customs (HMRC) has brought in more than £50 million through a campaign aimed at residential landlords.

According to HMRC, The Let Property Campaign, which launched in September 2013, has become one of the most successful voluntary disclosure opportunities the tax authority runs.

Undeclared income

Aimed at helping landlords avoid getting into trouble over undeclared income, more than 10,000 took part in the initiative by disclosing tax on income that had previously been undeclared.

In a new move, HMRC has also announced it will be running a Q&A service on its Twitter account next week.

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

Thousands of participants

The Let Property Campaign has seen HMRC write to more than 80,000 landlords, as well as involving the participation of over 50,000 customers who have made use of the online educational products.

The Twitter Q&A will see a number of landlord professional bodies partner with HMRC in answering queries about the wider aspects of renting out residential property.

“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,” Addison explained. 

Erin O’Neill

Erin O’Neill is an LSBF News Writer who reports on small business, careers, technology and education news.

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