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let campaign registered for self assessment

Client was registered for SA a few years ago but now wishes to declare for let property campaign

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"If you registered for a Self Assessment tax return by the appropriate deadline but you have paid too little because you were careless, you’ll have to pay HMRC what you owe for a maximum of 6 years" if they are not registered hmrc have ability to go back 20 years.

a client was previously last registered and submitting returns in 2015. since then has stopped, would it be 6 years or 20 years for this client. Does having a UTR mean they are registered ?

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By Anonymous.
19th Nov 2020 20:43

I think we would need more details.

Over what period has the letting income been arising? Was there renatl profit every year? Why did the individual stop making returns? Have HMRC been sending notices to make returns? Other income? Etc., etc..

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By Wanderer
20th Nov 2020 02:16

Member Since: 19th Nov 2020
redcurrylfc

redcurrylfc wrote:
let campaign registered for self assessment
Client was registered for SA a few years ago but now wishes to declare for property let campaign

"If you registered for a Self Assessment tax return by the appropriate deadline but you have paid too little because you were careless, you’ll have to pay HMRC what you owe for a maximum of 6 years" if they are not registered hmrc have ability to go back 20 years.

a client was previously last registered and submitting returns in 2015. since then has stopped, would it be 6 years or 20 years for this client. Does having a UTR mean they are registered ?

Sorry "now wishes to declare for property let campaign" doesn't sound like an accountant?
Don't try to go this alone, engage an accountant with sufficient experience.
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By bettybobbymeggie
20th Nov 2020 10:13

Tell your "client" to change their name, wear a disguise and leave the country asap.

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By Rammstein1
20th Nov 2020 10:22

It would be difficult to class as 'careless' if they were completing Tax Returns and not declaring rental income. If they answered the question 'have you received any income from land or property' as no when they did receive it, that isn't careless.

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By Cheshire
20th Nov 2020 11:03

redcurrylfc wrote:

"Does having a UTR mean they are registered ?

Giveaway

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By redcurrylfc
20th Nov 2020 13:11

Yes a prospective client has not informed his previous accountant of property income for well over a decade and has approached me to organise a property let campaign.

Income over 10 years
yes made a profit,
moved to a full time PAYE
no request for return from HMRC for any other income

Do you think his case is considered as "deliberately told HMRC they have earned less than they have"

My question is could having a UTR number and submitting self assessment historically mean that they have "registered for a Self Assessment tax return by the appropriate deadline"

Thankyou very much to those select few on here who are kind enough to give me a helpful answer

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Replying to redcurrylfc:
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By memyself-eye
20th Nov 2020 14:03

HMRC do not issue a request for any other income - it's up to the 'customer' sorry, client to tell them.
That's why it's called "self assessment".

Any accountant would know this.

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Replying to redcurrylfc:
By SteveHa
20th Nov 2020 14:50

As has already been highlighted, if (s)he was completing Returns until 2015, and yet has had property income for 10 years or more, then (s)he has wilfully lied to HMRC.

the "Let Property Campaign" (note the correct name) may help, or HMRC may simply suddenly discover the deliberate failure.

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