This is more common than people expect.

HMRC provides a disclosure route called the Let Property Campaign, which allows you to bring your tax affairs up to date properly.

The first step is to understand your position and what needs to be disclosed.

This depends on the circumstances and how the situation is assessed.

During the review, we look at the relevant years and determine the appropriate approach.

In most cases, yes.

However, penalties depend on how the situation is handled. Coming forward voluntarily often results in a better outcome than waiting for HMRC to contact you.

No.

Where records are incomplete, we can work with the information available and reconstruct figures where needed.

Not always.

In many cases, a formal disclosure through HMRC’s Let Property Campaign is the correct approach rather than simply submitting late returns.

If you are unsure and would like to talk things through, the consultation may be suitable.

If a proper understanding is required before taking action — particularly where multiple years or HMRC are involved — the full review is usually the appropriate starting point.

The process typically starts with a review so your position can be assessed properly.

Where needed, a call can be arranged after this to discuss the findings and next steps.

This depends on the complexity of the situation and the information available.

If your matter is time-sensitive or involves HMRC deadlines, this will be prioritised accordingly.