Ask Atkins: Landlords! HMRC are closing in on your undeclared Rental Income!

Ask atkins


Do i need to


The Revenue is on the trail of £550m missing tax and is urging landlords to come clean or risk higher penalties.
Don’t get caught out by the following common rental income misconceptions:Rental blog ad

  • I’m in the armed forces, so we don’t need to declare our rental profits…
    Wrong – you do still need to declare them.
  • I don’t need to declare my rental profits as I only rent my house out because I’m drafted overseas…
    Wrong – you still need to declare them.
  • I don’t make a profit, so I don’t need to tell HMRC…
    But are you making a profit in the eyes of the tax man!  If you have a repayment mortgage then it is quite likely you are actually making a profit. And if you are genuinely making a loss then it is in your advantage to report this to HMRC.
  • My Wife / Partner doesn’t need to declare it because I have…
    Wrong – if a property is jointly owned you each need to declare your share of the income.

HMRC are running a Let Property Campaign to encourage landlords to come clean and tell them about their rental property before they track you down.
HMRC can contact letting agents for a list of landlords, scrutinise ‘property to rent’ websites/ newspapers and they already hold information on those who receive tenants housing benefit directly and those who have used the Deposit Protection Schemes, so if you are a landlord then act now.
It will be in your best interest to volunteer the information than if you try to ignore it and HMRC catch up with you!

Contact us now or download the RENTAL income & expenses form and send it back to us! – We can HELP!

Win an iPad Mini

Recommend a friend for your chance to win an iPad Mini.


Click on the picture above and Forward your friend our Claims pack. They will need to let us know who recommended them so your name can be entered into our Free draw!

Goppin Challenge

Team Atkins undertaking the Goppin Challenge 2014 – who said accountants are boring! Get ready as this year’s event is coming soon… 10376827_697282970352360_4561666412828588348_n

Gibraltar Rock Run

IMG_2456-168x300Our very own Debbie Atkins undertook The Gibraltar Rock Run in October last year, raising over £4,500 for RMCTF. The charity event marked the 350th anniversary of the Royal Marines.
She also rubbed shoulders with Hollywood ‘A lister’and fellow competitor Henry Cavill – AKA Superman!

10k Commando Challenge

Check out these photos of Team Atkins & Co undertaking their first extreme charity challenge.
Back in 2012 a team of 8 undertook the 10K Commando Challenge, we got to do the same training course used by the Royal Marines!
We got wet, we got dirty and had a fantastic time whilst raising nearly £2,500 for charity.


Institute of Chartered Accountants Members
Military Tax Refunds
Our Accountants Office
  • 7 Morston Court, Weston-super-Mare, BS22 8NG
  • 01934 527888
Latest News