Skip to Content

HMRC Let Property Campaign

HMRC Let Property Campaign
Monday, March 19, 2018

Here is Panthera’s guide on everything you need to know about HMRC’s Let Property Campaign. This campaign was launched in 2017 to encourage landlords to pay their undeclared and overdue taxes on property rentals.


Does it apply to me?


It is aimed at those who own a property and rent it out. More specifically, the landlords who either intentionally or unintentionally haven't paid the taxes that they owed that were generated by those properties.


If you are letting out a room in your primary residence for £7,500 or less a year and are a part of the Rent A Room scheme, this doesn't apply to you. However, if you are charging more than £7,500 in rent on the room, the amount over £7,500 will be of interest to HMRC.


Will I be punished for these owed taxes?


Yes, but if you declare any under- or none-reporting as part of this campaign and if your mistake was a "minor error." You will still have to pay the unpaid tax but the penalties on those unpaid taxes will either be waived or you’ll only be required to pay a penalty of 10-20% of the undeclared tax.

In the event you purposefully didn’t disclose this information to HMRC in order to avoid paying the right amount, then the penalties you pay may be much higher.


The fines for a deliberate lack of disclosure could be up to 100% of the tax you owe through that non-disclosure.


Fines can reach as high as 200% of the unpaid tax if they come from offshore-based property-related income.


How do I notify HMRC?

There are several easy steps you can take to get your property-related taxes back in order:

  • Notify HMRC about wanting to be a part of the Let Property Campaign
  • Tell HMRC about all income, capital gains, tax and duties you have previously withheld from them,
  • Make a formal offer to pay these taxes,
  • Actually pay the taxes,
  • Assist HMRC whenever they need additional information. 

The fines you receive can paid over time if your current financial circumstances make a one-off payment of the penalty impossible.


What if I don’t have not been good at business records in the past?


Then this is also a great time to start. The Let Property Campaign doesn’t require that you have a complete set of business records for the time period during which you didn’t pay your taxes.


If you start to keep a set of business records, this will prevent HMRC from levying a fine of up to £3,000 in the future for not keeping records to an "adequate standard".


We can help


Our team of advisers can help you in gather all the information you need to work out any unpaid tax liability you have from rental income from property. We can also prepare the paperwork needed in order for you to report under the Let Property scheme.


Call our specialists today on 01235 768 561 or email us on

What our clients say

For us, there is nothing better than a happy customer. Here are just a few that let us know how much we mean to them.

Pete Dungey

Simple, efficient and most importantly, hassle-free.

We found Panthera via our search for a Xero expert. We knew the software we wanted to use, and needed a forward-thinking accountancy partner who could get us up and running, and teach us the ropes moving forward. Tory and her team have always been on hand to answer our questions, and help us to grow as a business, particularly during periods of big change, such as becoming VAT registered. They are always on hand to alleviate any concerns and help to keep our records in order, which makes our year-end accounts an absolute breeze! Being based in Bristol, our relationship is entirely email based, alongside one consolidation meeting at year end - this keeps things simple, efficient and most importantly, hassle-free.

Pete Dungey Kaleido Grafik Limited
Anita van Eijndhoven

Talk Our Language

The support and service we receive from Panthera Accounting is very good. Everything from regular meetings, a prompt e mail response and the transition of our Xero software (which we find very pro active indeed) has and is all remarkably efficient. We find Panthera talk our language and make any process as painless and easy as possible.

Anita van Eijndhoven Quidne-IT
Ash & Tim Lane

Panthera brush aside the stereotype of the typical accountant

We got in touch with Panthera Accounting by way of a recommendation; we haven't looked anywhere else since. They are an extremely professional yet relaxed group of people. We were slightly daunted by the idea of accountants but Panthera brushed aside y the stereotypes. They are very understanding when answering any questions we may have. They are completely efficient, offer sound business advice, and are fantastically priced. We will continue to recommend them.

Ash & Tim Lane Starveacre Fencing
Jayne Johnson

An Asset to my Business!

The whole team at Panthera are great! Working with them has been a huge support to my growing business. They help me to understand the numbers I need to know. They give me technology solutions like Xero so that I can process things quickly and have access to my own figures. They are quick to reply, highly knowledgeable, nothing is too much trouble and as well as making sure that everything is compliant and on time, they are enthusiastic, professional and fun to work with.

Jayne Johnson Better People
John Baker

Absolute joy - they provide a first class service on every level

Working with Tory and the team at Panthera is an absolute joy - they provide a first class service on every level; from simple Xero issues through to more complicated tax enquiries, they’re always on-hand to help me get it right. I’m certainly not their biggest customer, but I’m always made to feel like their most important one.

John Baker BKR Solutions
John Castle

Professional and Friendly

I would like to say that Panthera Accounting have helped me with my business accounts for more than 4 years now. They have consistently offered an excellent competitively priced service that works both professionally and in such a friendly way that I would highly recommend them to everyone considering using their services.

John Castle Ilexanna Limited & Birch Castle Homes Limited
Jonathan Morrison

They are always there to answer queries and sort out issues

I had been with Mr Dunn for 20 years when upon his death Panthera took over the business. They now play a bigger part in the running of my business, they do all the stuff that has to be done but I don't like doing ie book keeping, VAT, wages, and returns. They are always there to answer queries and sort out issues and make sure all Tax deadlines are met. Their costs are fair, service is great and I have and would highly recommend them.

Jonathan Morrison Wallingford Builders
Pippa Scott

Professional, friendly and personal service.

Panthera Accounting have gone above and beyond the call of duty to guide and support our Company. They offer a professional, friendly and personal service that can take the stressful and sometimes frightening feelings out of running a business. They have guided us through the working of Xero and have offered “teaching sessions” on the day to day running of the accountancy package. Our only regret is that we didn’t join their team earlier.

Pippa Scott Scott's Commercial Services Limited
Sara Southey

Panthera puts the personal back in to accountancy!

Tory and her team have provided a friendly, approachable and helpful service from the start. They have delivered a quality service, above and beyond anything I could have expected. Panthera, with the help of the Xero package, have taken the stress, strain and confusion out of managing my company and personal accounts. I look forward to working with them for many years to come.

Sara Southey Bluestones Garden Design
Tracey Miller

Panthera are fantastic.

Panthera are fantastic. Always professional, going the extra mile for their clients and delivering superb service. I recommend them all the time to my clients.

Tracey Miller Bigger, Brighter, Bolder BBB

Contact Us

Panthera will use the details that you have entered into this form to communicate with you on the subject of your message, and for no other purpose.
Please see our privacy policy for more details on how we manage your data.

Lets Get Started

Move to Panthera

Moving to Panthera is as easy as 1,2,3...

  1. We jump on a quick call to create the perfect service package for your business
  2. You e-sign your terms of engagement
  3. We get your authority to talk to HMRC on your behalf

And that’s it! From contacting your previous accountant, to updating Companies House with your new registered office address, let us handle all of the admin so that you can get on with running your business, safe in the knowledge that everything is going smoothly in the background.

Talk to Us