I rent a one bedroom property. Income isnt much, after allowances it's under £2.5k. When I check the hmrc website and go through the 'do I need to do a self assessment' because of the amount it indicates I can let them know through the 'report other income' on the PAYE income section online.
My first question is does this sound correct, or should I be doing a self assessment to show the income (£4200) minus allowances?
Secondly, I haven't reported any rental income since starting to let 2018. Can I go in each tax year and make that change or should I go through the Let Property Campaign?
I only work part time, have 3 young children so even with this income and my employment of 2 days a week I will still be under my personal allowance so don't think I should be due any tax.