Tax, Interest and Penalty calculator 14 January at 5:02PM edited 16 January at 12:24PM in Cutting tax 2 replies 138 views

Dodgysailor

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.

Nearlyold

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

Dodgysailor

yes but the form to fill is difficult to understand