Landlords Could Face HMRC Penalties for Tax Reporting Mistakes

HMRC plans could see tax fines increase by up to 100%

Tax experts have criticised the proposals that would mean taxpayers risk paying higher fines for small mistakes.

I have received a HMRC enquiry letter – What do I do now?

HMRC enquiry letters are sent to individuals to notify them that HMRC has chosen to formally investigate their tax affairs. While some enquiries are carried out randomly, the majority are selected based on a risk assessment of a business. These checks should not be seen as accusatory, as they are often a routine procedure to make sure your business is compliant and the correct amount of tax is being paid. If you’ve received a letter, you need to…

Landlords could face HMRC penalties for tax reporting mistakes

Property owners who fail to correct mistakes on their tax return could be penalised under new HMRC powers.

New HMRC powers to penalise landlord tax reporting errors

Landlords face new penalties for uncorrected tax reporting errors under legislation set to take effect in April 2027, according to provisions in the Finance Bill 2027. HMRC recovered £104.3 million in unpaid tax from 11,511 property owners in 2025 to 2026. The post New HMRC powers to penalise landlord tax reporting errors appeared first on PropertyWire.