HMRC have updated their “Let Property Campaign” details on 11th September 2020.
If you are one of the following:
- The owner of a residential let
- or a furnished holiday let
- or rent out a room in your main home above the rent a room scheme threshold
You can disclose undeclared income within this campaign and HMRC will normally lower the penalty charge.
Full details of the scheme can be found at https://www.gov.uk/government/publications/let-property-campaign-your-guide-to-making-a-disclosure/let-property-campaign-your-guide-to-making-a-disclosure