Hi There
Just to clarify my earlier posting you should read point 1.5 of the guidance notes on the Let property Campaign.
see About the Let Property Campaign
1.5 What’s in it for me?
Unlike previous campaigns, there is no disclosure ‘window’ requiring you to disclose what you owe by a specific date. This campaign will be ongoing for some time;
however, landlords intending to come forward who delay risk higher penalties if they are subject to an enquiry and they have not already notified an intention to disclose.
at the link
https://www.gov.uk/government/publicati ... disclosure
Clearly once you get the letter from HMRC you ARE already under enquiry and therefore have not come forward voluntarily.
I suppose however that "nothing ventured nothing gained" and you never know.
Perhaps if you have already done the deed and obtained the beneficial penalty rate you might want to come back to us so that we can use your result as a precedent for others. Of course if HMRC applied the "non-campaign rate" to your settlement perhaps you could also enlighten us as appropriate.
regards and hope this helps
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