As we are sure you are already aware of, the Let Property Campaign, which began Autumn 2013, is a current initiative run by HM Revenue and Customs, and gives landlords the opportunity to come forward and disclose past undeclared rental profits.
Due to the success so far, HMRC’s Let Property Campaign is now planned to last for 3 to 4 years, rather than the originally planned 18 month duration.
In addition, the next large wave of HMRC “prompt” letters is being prepared now, and is due to go out to another circa 40k landlords within the next week. Watch out, watch out, HMRC are about!
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