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Tax

HMRC let Property Campaign

HMRC believe that its customers want to pay the right amount of tax and wants to help those that aren’t paying the right amount to put that right.

The Let Property Campaign is an opportunity for landlords who owe tax through letting out residential property,panerai replica watches to get up to date with their tax affairs in a simple, straightforward way and take advantage of the best possible terms.

If you are a landlord and you’ve undisclosed income you must tell HMRC about any unpaid tax now. You’ll then have 90 days to calculate and pay what you owe.

The Digital Disclosure Service (DDS) gives individuals and companies a chance to bring their affairs up to date in a simple, straightforward way.

The DDS can also be used by individuals and companies who have a disclosure to make about:

  • Income Tax
  • Capital Gains Tax
  • National Insurance Contributions
  • Corporation Tax


Examples include a business that hasn’t declared all of its income or a business that’s trading and hasn’t registered with HMRC for one or more taxes.

Why you should disclose

It doesn’t matter why your tax affairs are wrong,Replica Audemars Piguet Watches it’s better to go to HMRC and admit any failures or inaccuracies rather than wait until they contact you.

HMRC is currently increasing its targeted compliance activity across all landlord types and will start to identify who they consider may not have declared all their rental income.

How to notify and disclose

You must tell HMRC that you intend to make a disclosure. You need to do this as soon as you become aware that you owe tax on your letting income and other undisclosed income.

At this stage, you only need to tell them that you’ll be making a disclosure. You don’t need to give any details of the undisclosed income or the tax you believe you owe.

Prepare your disclosure

Depending on your circumstances this could be simple or complicated and you may want to seek independent professional advice.

Although you have 90 days from the date of your notification to make your disclosure, HMRC recommends that you start gathering together your information and records as early as possible..

You’ll need to work out the total rental income for each year you’ve previously failed to tell HMRC about. Once you’ve calculated the additional rental income you need to disclose you’ll need to work out how much tax you owe on that income.

Other income you should include in your disclosure

Include all the income you haven’t told HMRC about before in your disclosure. This may include:

  • Earned income
  • Investment income
  • Capital gains made on the disposal of property, business, stocks, bonds, good will etc
  • VAT
  • Employer tax
  • Inheritance tax
  • Trust income
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Affordable Pay-monthly Packages

We offer a full range of services to limited companies, solo trader, partnership, charity, LLP, CIC as well as individuals. We have arranged our services into easy to choose packages that suit your needs.

Start-up
£ 60  / Month (+VAT)

This price plan is suitable for the start-up companies who are not VAT registered.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Payroll & RTI submission for 1 employee
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Assisting with correspondence from HMRC and Companies House
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 80K
Limited Company
£ 100  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 2 employees
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • MTD VAT returns submissions – quarterly
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 100K
Company Pro
£ 150  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.

  • Company formation (if required)
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 5 employees (Free)
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Unlimited face to face advice and email support
  • 2 Directors
  • 2 Shareholders
  • Annual turnover should be less than 200K
Company Premium
Let's talk.  / 

This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.

  • Company formation
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission all employees
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for the all Directors (Free)*
  • Unlimited face to face advice and email support
  • Flexible and can be discussed
  • Annual turnover should be more than 200K

Add on Services

  1. Personal Tax Returns

    This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.

    If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.

  2. Tax Investigation
  3. Business Legal Support
  4. Company Formation
  5. Business Mentoring
  6. ARA accounting services for ATOL & ABTA travel companies

    Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate. 

Taxcare Accountancy was formed to provide Small & Medium Businesses with an affordable, proactive and professional accountancy services…