4th October 2013
As you may have seen or heard in recent advertisements, HM Revenue & Customs (HMRC) are stepping up their attempts to ensure that everybody pays the correct amount of tax.
A number of campaigns have been launched, the latest of which is their Let Property Campaign, which is set to run for 18 months.
Under the terms of the campaign, landlords who have previously failed to inform HMRC that they have received rental income may make a disclosure and get the opportunity to bring their tax affairs up to date with reduced penalties...
Read the full blog here: Catching up with Landlords' Income Tax