Tag Archives: HMRC

Holding your umbrella upside down will not keep off the reign of the taxman Guest Columns


-By Guest Columnist Mary Latham-


Landlords may be invisible but their properties are not and neither are their tenants, especially if they are among the increasing number who rely on benefits to pay their rent.

Following a meeting of the Homestamp consortium this week, I was standing on a busy street outside of a small shop talking to one of my colleagues who is an officer with one of my local authorities. Our conversation was about how we could get more landlords to work with the authority to provide homes and reduce the number of people on their homeless lists. We were soon joined by the owner of the shop who is a landlord and works with this authority to provide decent homes, so we asked him why he thought landlords were not coming forward. Continue reading Holding your umbrella upside down will not keep off the reign of the taxman


HMRC task force targets landlord tax dodgers Buy to Let News, Latest Articles, Tax News

Landlords and property investors who cheat on their tax are under scrutiny from special HM Revenue & Customs task forces.

The teams in London and the North West have been so successful that HMRC has set up a third team of investigators in Scotland.

The team looking at property investors dodging tax in London is expected to yield up to £7 million in unpaid tax plus penalties and interest. Continue reading HMRC task force targets landlord tax dodgers


Tax Filing Deadline Extended by 48 Hours Financial Advice, Latest Articles, Tax and Accountancy

Landlords late with their tax returns can breathe a sigh of relief as the filing deadline is delayed due to striking civil servants.

Tax office staff belonging to the Public and Commercial Services union PCS are away from their desks for 24 hours to protest over trials of private call centres by HM Revenue and Customs. Continue reading Tax Filing Deadline Extended by 48 Hours


HMRC Tightens Tax Screw on Landlords Buy to Let News, Financial Advice, Latest Articles, Property Investment News, Property Market News, Tax and Accountancy, Tax News

The tax man is tracking down landlords with undeclared rental income by demanding lists of property clients from letting agents.

Letting agents all over the UK are having to submit client lists with names and addresses of landlords and their rental properties to HM Revenue and Customs.

For many letting agents, this is the first time HMRC has asked for the information. Continue reading HMRC Tightens Tax Screw on Landlords


Day of Reckoning for Calculating Tax and NICs Financial Advice, Latest Articles, Tax & Accountancy

The Government wants to make working out how much tax to pay less taxing by modernising the system, combining National Insurance and income tax.

In a ground-breaking move, the Treasury has published two long-awaited consultation documents outlining a more straightforward tax system for workers and the self-employed. Continue reading Day of Reckoning for Calculating Tax and NICs


Landlord Tax Cheats Targeted by HMRC Task Force Latest Articles, Tax & Accountancy

Buy to let landlords evading tax face a crack down from a new HM Revenue and Customs task force.

Tax inspectors will target buy to let landlords with portfolios of three or more properties in the North West and North Wales. Continue reading Landlord Tax Cheats Targeted by HMRC Task Force


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