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HMRC targets property rentals in tax evasion crackdown

HMRC has launched a specialist taskforce to target tax evasion on rented properties.

The taskforce covers East Anglia, London, Leeds, York, Leicester, Nottingham, Lincoln, Durham and Sunderland is expected to recover more than £17m.

The property rental team is one of a number of HMRC specialist taskforces undertaking intensive bursts of activity in specific high-risk trade sectors and locations in the UK.

HMRC has launched 12 taskforces in 2011/12 and 30 more will follow in 2012/13.

The teams will visit traders to examine their records and carry out other investigations. 

David Gauke, exchequer secretary, says HMRC is on target to collect more than £50m as a result of the taskforces launched in 2011/12.

He says: “We have made it clear that we will not tolerate tax evasion – everyone needs to pay the taxes they owe in full. We are determined to crack down on the minority who choose to break the rules.”

Mike Eland, director-general of enforcement and compliance at HMRC, says deliberately evading tax can land you a heavy fine or even a criminal prosecution as well.

He says: “This is not an empty threat – HMRC can and will track you down if you choose to break the rules.” 

The taskforces are being launched as a result of the government’s £917m spending review investment to tackle tax evasion, avoidance and fraud from 2011/12

It aims to raise an additional £7bn each year by 2014/15. 



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There are 12 comments at the moment, we would love to hear your opinion too.

  1. About time too. I’d like them to explain why they haven’t done this before when we all know billions of pounds of rent go undeclared.

  2. What about all the politicians rental properties ? Do they have to pay as well, or does this only apply to the little people ? Will people get fined if they are caught, or does the Baroness Warsi principle apply; and you just pay some back ?

  3. Well overdue we all have to pay our fair share in tax when it is owe and maybe people will like to look at other more tax efficient savings rather than entering into tax evasion!!

  4. What about all the large businesses who evade their tax which HMRC already know about, why dont they start with them?

  5. David Parkinson 1st June 2012 at 2:35 pm

    Ok fair doos about this but on the bigger picture this is a drop in the ocean compared with the billions that HMRC & Big Government let corporates get away with. That’s where the real big money is to be had. However I fear it may upset all their friends & relatives

  6. What about those that avoid paying tax because they ask for rent in cash and rent rooms through adverts on sites and shop windows?

  7. Branson Sugar 1st June 2012 at 4:49 pm

    I suppose they have to fill the blackhole left over by letting Vodafone escape their £5 Billion tax bill somehow?

  8. It’s always someone else that has to pay the tax – not tax dodges -it is always someone else fault! Have a hard look at yourself before pointing finger as if you owe tax you should pay up or take actionto plan in the future

  9. I read this week that Christie LaGarde pays no income tax whatsoever. It seems that there is more thax to be recovered from the fat cats and businesses before they start lower down the levels. Ms Warsi should resign now !

  10. Harbour Plaza 5th June 2012 at 8:37 am

    this is helpfull blog for everyone. Thanks for creat this post.

  11. About time too. All those dodgy BTLs who have priced out first time buyers need to be caught!

  12. Is it tax evasion for a tenant to be claiming benefits which pays her rent,to the director of the company (her friend)she lives above.But her father is the owner of the building and has that rent money to pay his mortgage on that building?on either party?

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