HM Revenue and Customs (HMRC) has reported that its campaign to help residential landlords get their tax affairs in order has raised over £50 million.
The Let Property Campaign, which HMRC launched in September 2013, has seem more than 10,000 landlords come forward to disclose tax on previously undeclared income under the campaign.
To help landlords further, HMRC has also announced this week that it will be running a Twitter Q&A evening from 6pm to 9pm on Tuesday 20 October 2015.
The Twitter Q&A will be run in partnership with a number of landlord professional bodies. These will each have 30 minutes to answer questions relating to wider aspects of renting out residential property, providing a one-stop shop for landlords to get rental advice throughout the evening.
HMRC’s section on tax is from 6pm-7pm and hosted on @HMRCcustomers.
“The Let Property Campaign bringing in more than £50 million is further proof that our campaigns approach works,” said Caroline Addison, head of campaigns at HMRC. “HMRCs 20 campaigns have now together generated over £1 billion across a variety of sectors.
“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.”
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.
