HMRC have announced that a campaign aimed at helping residential landlords get their tax affairs in order has brought in more than £50 million making it one of their most successful voluntary disclosure opportunities.
As a result of the Let Property Campaign, which HMRC launched in September 2013, more than 10,000 landlords have come forward to disclose tax on previously undeclared income.
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. HMRC's 20 campaigns have now together generated over £1 billion across a variety of sectors.
Throughout the Let Property Campaign, HMRC has written to over 80,000 landlords and over 50,000 customers have used the campaign's online educational products.'
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Internet link: HMRC press release