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Tax, Interest and Penalty calculator

Dodgysailor
Posts: 179 Forumite


Dear all,
I have rented a house for a few years and I have not paid taxes for the rental income. I am trying to fix this by disclosing the earnings to the Inland revenue using the Tax Interest and Penalty calculator in their website. My problem is that I do not understand what they are asking me for In the form, I get a line with 5 boxes to complete fro every year: Description, Income Tax due, Class 4 NIC due, Capital Gains Tax due and Penalty rate applicable. Can anyone advise on what do I need to put in these boxes?
Many thanks.
I have rented a house for a few years and I have not paid taxes for the rental income. I am trying to fix this by disclosing the earnings to the Inland revenue using the Tax Interest and Penalty calculator in their website. My problem is that I do not understand what they are asking me for In the form, I get a line with 5 boxes to complete fro every year: Description, Income Tax due, Class 4 NIC due, Capital Gains Tax due and Penalty rate applicable. Can anyone advise on what do I need to put in these boxes?
Many thanks.
0
Comments
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Have you informed HMRC through the Let Property Campaign?
https://www.gov.uk/government/publications/let-property-campaign-your-guide-to-making-a-disclosure/let-property-campaign-your-guide-to-making-a-disclosure
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yes but the form to fill is difficult to understand0
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