{"id":23339,"date":"2014-03-15T14:00:15","date_gmt":"2014-03-15T07:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-hmrc-is-closing-in-on-your-undeclared-lettings-income\/"},"modified":"2016-08-19T11:09:15","modified_gmt":"2016-08-19T04:09:15","slug":"landlords-hmrc-is-closing-in-on-your-undeclared-lettings-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-hmrc-is-closing-in-on-your-undeclared-lettings-income\/","title":{"rendered":"Landlords \u2013 HMRC is closing in on your undeclared lettings income"},"content":{"rendered":"


\nThe Revenue is on the trail of \u00a3550m missing tax \u2013 and is urging landlords to come clean, or risk higher penaltiesLandlords who have failed to declare their rental earnings to HMRC are being warned to pay up or face higher penalties.The Revenue is targeting widespread tax evasion on property lettings, and estimates that one million buy-to-let and other private landlords are not declaring their rental income, cheating the public coffers of at least \u00a3550m a year. Many are understood to be using inflated claims for letting expenses to pay less tax than they should. “A lot of people are knowingly not declaring,” said an HMRC spokesman. “We want to hammer down that \u00a3550m \u2013 it’s significant money.” Continue reading…
\n
\nSource : theguardian.com
\nRead more…Landlords \u2013 HMRC is closing in on your undeclared lettings income<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Revenue is on the trail of \u00a3550m missing tax \u2013 and is urging landlords...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23339","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-64r","jetpack-related-posts":[{"id":63570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/half-of-landlords-in-one-london-borough-fail-to-declare-rental-income\/","url_meta":{"origin":23339,"position":0},"title":"Half of landlords in one London borough fail to declare rental income","date":"August 13, 2017","format":false,"excerpt":"\r Newham council says HMRC maybe losing \u00a3200m a year in London alone after finding half of its 27,000 landlords failed to register for self-assessmentUp to 13,000 landlords in just one London borough have been identified as failing to declare their rental income, prompting estimates that unpaid tax in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-uk-landlords-rises-to-1-75-million\/","url_meta":{"origin":23339,"position":1},"title":"Number of UK landlords rises to 1.75 million","date":"May 30, 2016","format":false,"excerpt":"\r HMRC data shows 7% rise in 2013-14 but figure likely to be higher after recent buy-to-let lending surgeThe rapid pace of growth in buy-to-let investments has been illustrated by new figures showing the number of landlords rising by 7% in 2013-14 to reach 1.75 million.Figures from estate agent ludlowthompson\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hmrc-takes-aim-at-tax-dodgers-hiding-foreign-income\/","url_meta":{"origin":23339,"position":2},"title":"HMRC takes aim at tax dodgers hiding foreign income","date":"August 24, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...HMRC takes aim at tax dodgers hiding foreign income","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8242,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-and-traders-receive-2000-tax-allowance-to-boost-sharing-economy\/","url_meta":{"origin":23339,"position":3},"title":"Landlords and traders receive \u00a32,000 tax allowance to boost 'sharing economy'","date":"March 16, 2016","format":false,"excerpt":"\r Property and trading income will be included in the tax-free allowance for individuals from April 2017, the Chancellor has announcedOnline merchants and short-term landlords were given a gift in the budget, with two new \u00a31,000 tax-free allowances offered on income from those sources.Intended to boost the number of \u201cmicro-entrepreneurs\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25633,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hmrc-should-go-for-the-big-fish-not-the-small-fry-letters\/","url_meta":{"origin":23339,"position":4},"title":"HMRC should go for the big fish not the small fry | Letters","date":"September 10, 2016","format":false,"excerpt":"\r As well as HMRC ensuring that large, wealthy corporations pay their full taxes, small people like me also need changes in the way we are approached by the Revenue (Labour condemns HMRC in call for big tax reforms, 9 September). I earn very little, but every year, when I\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17998,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-3-5-million-people-owed-tax-refund-says-hmrc\/","url_meta":{"origin":23339,"position":5},"title":"Up to 3.5 million people owed tax refund, says HMRC","date":"May 16, 2013","format":false,"excerpt":"\r Revenue & Customs says up to 5.5 million taxpayers paid too much or too little in 2012-13Up to 3.5 million people unwittingly paid too much tax in 2012-13 and are owed refunds averaging between \u00a3350 and \u00a3500, HM Revenue & Customs has revealed.But there was bad news for 2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23339"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=23339"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23339\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}