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HMRC Clamping Down on Landlords

Wednesday, 28th May, 2014

A week after an HMRC announcement that it was clamping down on landlords failing to declare rental income, four landlords have been "named and shamed" on the Revenue's latest list of large-scale tax defaulters.

The four - from London, Wiltshire, Hertfordshire and Ayr - owe from 29,500 to 152,000 in tax and have now additionally been obliged to pay penalties ranging from 11,850 to a staggering 168,000.

Only one landlord has previously appeared on the large-scale tax defaulters list published periodically by the HMRC.

"These are people who have received penalties for either deliberate errors in their tax returns or deliberately failing to comply with their tax obligations," according to a statement from HMRC.

The Revenue publishes this information after completing a tax investigation and final penalties for defaulting on tax payments are imposed. The four landlords were among 25 defaulters named on the latest list published this month by HMRC.

Last week HMRC announced that computer-based seminars, purpose-built for landlords, would be made available to landlords who have so far not registered to pay tax, have under-declared their earnings or under-paid tax.

HMRC has also started writing to about 40,000 landlords about their tax as part of the campaign. So far, more than 2,500 have voluntarily contacted HMRC to put their tax affairs in order under the Revenue's "Let Property" campaign.


Landlord  tax  HMRC 


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