Schedule 23 Notices are being sent out by HMRC to all Lettings Agents.
If you’ve received a notice under schedule 23 of the Finance Act 2011, you are legally obliged to make a return to HM Revenue and Customs (HMRC) of the information specified in the notice by the date given in the notice.
To comply with the notice agents must provide a spreadsheet including
Landlord’s name
This must include the full name of the recipient of the landord.
Address
When showing addresses use the 5 fields provided, showing each part of the address in a separate field (see below regarding postcodes). For example:
| Address 1 | Address 2 | Address 3 | Address 4 | Address 5 |
|---|---|---|---|---|
| Hillcrest Cottage | Mountain View | Watchgate | Kendal | Cumbria |
| 2 Speyside Avenue | Hillington | Basingstoke | Hants |
Start in the ‘Address 1’ field and leave any unused fields blank. Don’t use commas in any part of the address.
Postcode
Enter the postcode only in the dedicated column provided.
Gross amount paid
Show the amount of the total gross rent received from the tenant for the landlord for the period shown in this notice.
Don’t include commas or minus amounts.
Please show amount in pounds and pence without any currency symbol, for example 2105.32.
Currency codes
Enter a code for each amount to identify the appropriate currency. These currency codes are recognised internationally, commonly used currency codes are:
- UK sterling – GBP
- euro – EUR
- United States dollar – USD
- Canadian dollar – CAD
- Australian dollar – AUD
If the currency code column in your return is blank HMRC will assume that the amounts are in UK sterling.
Letting address
Please enter the full address of the property or land managed on behalf your client.
Postcode
Please enter full postcode of the let property/land separately from the address.
Tax year
This the tax year of the return. Please use ‘yyyy/yyyy’ format for example 2015/2016.
Your company/organisation’s name
This is your organisation’s name.
Source reference
If available, please insert a reference number from your accounting system to identify the record (in case we need to contact you).
