Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many landlords have made a voluntary disclosure to HM Revenue and Customs since the Let Property Campaign began; and how much previously undeclared income has been declared as a result of that campaign.
HM Revenue & Customs (HMRC) launched the Let Property Campaign in September 2013 with the objective of raising landlords’ awareness of the need to review their tax affairs to ensure they are in order. The campaign provides a voluntary disclosure opportunity to put right any previous errors or omissions, helping landlords to stay on track in future.
At 31 January 2015, 9673 voluntary disclosures have been received .
Information about previously undeclared income, which has now been declared as a result of the Let Property campaign, is not readily available at this time.