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An HMRC campaign targeted at increasing the tax take from properties which are let out is making slow progress, so far producing under a third of the yield expected, and with only a handful of landlords coming forward to make a disclosure, according to analysis by Saffery Champness.
Announced in 2013, HMRC’s let property campaign was designed to encourage taxpayers to voluntarily disclose any tax they owe on their rental properties.
Read more at the Accountancy Daily.