Officials at HM Revenue & Customs (HMRC) have said that a campaign encouraging private landlords to pay the tax they owe has raised an additional \u00a350million.<\/p>\n
The tax authority launched its Let Property initiative in September 2013, with tens of thousands of individuals receiving letters reminding them of their liabilities.<\/p>\n
The aim was to persuade those landlords who had not been paying the tax that they should have been to voluntarily put their affairs in order.<\/p>\n
Two years on, officials said that the initiative had greatly raised awareness and seen a significant increase in tax take.<\/p>\n
According to HMRC\u2019s statistics, more than 10,000 landlords have come forward to disclose tax on previously undeclared income.<\/p>\n
Hoping to build on the momentum, the tax authority is planning to hold a Q&A session on Twitter next week, specifically targeted at the rental sector.<\/p>\n
A number of professional landlord bodies, including the National Landlords Association (NLA) and the Association of Residential Letting Agents (ARLA), will be taking part.<\/p>\n
The landlord campaign is one of around 20 that HMRC has run in recent years.<\/p>\n
Previous initiatives have been directed at medical professionals, plumbers, tutors and coaches, electricians, online traders, solicitors and health professionals.<\/p>\n
While the Treasury estimates that the campaigns have raised over \u00a31billion between them, they remain the subject of some criticism, with concerns that a disproportionate amount of resources have been directed at smaller businesses and individuals as opposed to large corporations.<\/p>\n","protected":false},"excerpt":{"rendered":"
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