HMRC One to Many letter – Rental Property Landlords - Moonlighter Population

HMRC have advised us that they have recently commenced a One to Many letter campaign directed at individuals who are registered for Self Assessment but whom HMRC suspect have not declared income from renting out property. The letter invites them either to make a disclosure using HMRC’s online disclosure portal or to tell HMRC if they don’t have any income to disclose.

A copy of the letter, together with a copy of the letter being sent to the individual’s agent (where applicable), is provided below.

OTM Final Letter (Customers)
OTM Final Letter (Agents)

Assisting clients with making disclosures to HMRC - guidance for CIOT members

The CIOT has produced guidance for its members assisting clients who may have additional tax liabilities to disclose to HMRC – see Assisting clients with making disclosures to HMRC - guidance for CIOT members. It explains the different processes through which taxpayers can make disclosures and explains that members should choose the disclosure service which is most appropriate for their client’s circumstances given all the issues to be corrected and the reason(s) why the inaccuracy(ies) occurred. Members may find it helpful to refer to this guidance when assisting a client in responding to HMRC’s letter.