HMRC generates over £50m of extra tax from private rental sector

A campaign targeting residential landlords has given HM Revenue and Customs an additional tax take of over £50 million.

The Let Property Campaign, which HMRC launched in September 2013, is now one of the revenue’s most successful voluntary disclosure opportunities it claims.

More than 10,000 landlords have come forward to disclose tax on previously undeclared income under the campaign.

“The Let Property Campaign is proof that our campaigns approach works. HMRC’s twenty campaigns have now together generated over £1 billion across a variety of sectors” siad Caroline Addison, HMRC’s head of campaigns.