Let Property Campaign & Worldwide Disclosure Facility accountants in Harrow

HMRC sends tens of thousands of ‘nudge letters’ and ‘one to many’ letters every year. They target undeclared rental income, offshore accounts and foreign assets obtained through the Common Reporting Standard from over 100 countries (including India, UAE, Switzerland, Singapore, Jersey, Guernsey, the Isle of Man, the US and every EU state), cryptoassets, and unreported UK dividends or interest. If you have received a letter from HMRC about any of these, ignoring it is the single worst thing you can do: it removes your right to lower ‘unprompted’ penalties and can escalate to a full civil or criminal investigation.

Send us the letter today. We will read it in full, tell you exactly what HMRC already knows, what disclosure route applies (Let Property Campaign, Worldwide Disclosure Facility, digital disclosure service or a formal enquiry response), and reply on your behalf within the 30-day deadline stated on the letter. Everything you tell us is strictly confidential.

The Let Property Campaign is HMRC's dedicated disclosure route for landlords who have not declared rental profit. It is open to anyone letting UK residential property, whether a single buy-to-let, a room in your own home above the £7,500 Rent a Room limit, a holiday let, a house of multiple occupation (HMO), or a full portfolio. It is also open to UK residents letting property overseas (India, Dubai, Portugal, Spain, the US and elsewhere), and to non-resident landlords letting UK property.

Under the campaign, penalties are usually between 0% and 20% of the tax owed, compared with 30% to 200% if HMRC opens an investigation first. Interest still applies. We calculate the undisclosed rental profit for each year going back up to 20 years where required, apply Section 24 mortgage interest relief, claim every allowable expense (repairs, agent fees, insurance, service charges, safety certificates, replacement of domestic items relief), prepare and submit the formal disclosure, negotiate the penalty rate and monthly payment plan with HMRC, and put you back on track with correct annual Self Assessment returns going forward.

The Worldwide Disclosure Facility is HMRC's route for anyone with undeclared overseas income or gains. It covers interest credited to Indian NRO, NRE and FCNR accounts, fixed deposit interest, foreign rental profit, dividends from overseas shareholdings (Indian, US, EU or elsewhere), pension income from an overseas fund, gains on overseas property or foreign shares, inheritance held abroad, and any offshore bank account HMRC has learnt about through the Common Reporting Standard.

Under the Requirement to Correct rules and Failure to Correct penalties, offshore penalties can now reach 200% of the tax due, plus asset-based penalties of 10% of the underlying asset value in the most serious cases. Coming forward voluntarily through the WDF keeps penalties manageable and prevents escalation. We handle the full digital disclosure end-to-end: register you on the WDF, calculate up to 20 years of tax, interest and penalties, convert all foreign figures to sterling, apply Foreign Tax Credit Relief under the relevant Double Taxation Agreement (UK–India, UK–UAE, UK–US and others), and agree the final settlement figures with HMRC. Then we file your future returns properly so this never happens again.

Aspect enquiries (single-issue queries on one figure), full enquiries (a complete review of your return), business records checks, VAT visits, PAYE compliance checks, CIS reviews, discovery assessments (HMRC going back 4, 6 or 20 years), Schedule 36 information notices, penalty appeals, and Alternative Dispute Resolution. We also lodge appeals to the First-tier Tax Tribunal where an HMRC decision is wrong.

HMRC categorises behaviour as careless, deliberate, or deliberate and concealed. Penalties are a percentage of the tax owed and depend on whether the disclosure is unprompted (you came forward before HMRC contacted you) or prompted (HMRC wrote to you first). Unprompted careless disclosure can be 0%. Prompted careless goes up to 30%. Deliberate offshore behaviour can hit 200%. The maths is simple: voluntary disclosure almost always saves more than the professional fee.