Commonwealth Games tax reminder

Visitors from across the world flocked to Birmingham and the West Midlands region, making it their home for the 10-day festival of sport that ended on 8 August 2022.

Those who rented out properties during the Games as a short-term let may need to tell HMRC about any income they have received, by filing a Self Assessment tax return.

To help ensure homeowners correctly report their income and don’t make mistakes on their tax returns, HMRC has been working closely with three leading online booking platforms to share information and advice direct to customers about their tax responsibilities.

An HMRC spokesperson said:

“The Commonwealth Games was a brilliant showcase for Birmingham and the West Midlands region, an incredible event which saw demand for places to stay go through the roof.

“We want to make sure those who let out their property during the Games are fully aware of what tax they need to pay and how they can pay it – and help make it as easy for them as possible to do so.

“Anyone who made any profit over £1,000 from letting out their home is responsible for telling HMRC. They can do this by completing a Self Assessment tax return on GOV.UK.”

Some homeowners may not need to file a Self Assessment tax return and more information on this for those renting out their property or becoming a resident landlord can be found online.

Anyone who hasn’t filed a tax return before will need to register for Self Assessment before 5 October 2023, which can be done online. It is the quickest way to complete a Self Assessment return and it doesn’t need to be finished in one go, as customers can access their return online anytime and save progress until it’s completed and ready to submit.

Customers can also make secure Self Assessment payments through the HMRC app by connecting directly to their bank to make their payment.

A full list of the payment methods they can use to pay their Self Assessment tax bill is available on GOV.UK.

More information, help and advice on filing Self Assessment tax returns can be found online.