Hi all need help to fill Disclousure form which cleint had not diclare rental income since 2009 to 2017 below £5000 each year and HMRC told her to pay 20% is first time for me any advise will be appriciate.
I read it as Minaxi was looking to sub out the work.
Does your PII cover enable you to undertake this work? Thats the first thing to check.
Are you listed as agent for this person? Thats the second thing to sort if not.
There is not sufficient information in your initial request to really help any further.
Why was this under-declared? What was the rent from? House, garage, room, something else? How was the under declaration picked up and who by? Were you aware of it earlier (or suspect it earlier)?
Care re the self assessment of the penalty rate as that could come back to bit if in fact HMRC are already aware of the underpayment, or indeed they do not accept the reasonableness of the claim or if they consider it was deliberate when perhaps you/your client argue the opposite.
Thank you Doug and Joanne for all vital information and it is long time just been preoccupied in study.
What is it you are studying?