HMRC is tightening its focus on short-term rental income, particularly from platforms like Airbnb. With data-sharing agreements now in place, HMRC can access host earnings directly from booking platforms, going back several years.
Why This Matters
If you’re earning income from Airbnb or similar short-let platforms-even occasionally-you may be required to:
Failure to report can lead to penalties, interest, or investigations.
What You Should Do
At UMC Accountants, we help landlords and short-let hosts navigate HMRC requirements and avoid costly mistakes.
Not sure if you’re fully compliant? Contact us today for a confidential review.
Why This Matters
If you’re earning income from Airbnb or similar short-let platforms-even occasionally-you may be required to:
- Declare the income on your Self Assessment tax return;
- Pay Income Tax and possibly Class 2/4 NICs if the activity is deemed a business;
- Ensure correct treatment under Rent a Room Relief or Furnished Holiday Let (FHL) rules, where applicable.
Failure to report can lead to penalties, interest, or investigations.
What You Should Do
- Review your Airbnb income for the past 4–6 years;
- Disclose undeclared income under HMRC’s Let Property Campaign, if needed;
- Speak to a qualified accountant to ensure tax-efficient and compliant reporting going forward.
At UMC Accountants, we help landlords and short-let hosts navigate HMRC requirements and avoid costly mistakes.
Not sure if you’re fully compliant? Contact us today for a confidential review.
