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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Landlords Named By HMRC For Not Paying Millions In Tax

27th Jun 2022

HM Revenue & Customs has publicly named and shamed landlords claiming they collectively owe millions of pounds in unpaid tax.

Image credit: Unsplash

The named landlords are included in a far longer list of people who are alleged to have defrauded HMRC by at least £25,000 in tax and in one case ‘to the tune’ of more than £4m. 

On its section of the website listing the ‘rogues gallery’, the Revenue department does specify that although each case names an induvial and their address, there are some provisos.

In such cases a named individual may well change their behaviour, may have moved from the published address, or the business whilst under control of the fraudster may have recently changed hands to a perfectly legal owner.

HMRC’s named and shamed list includes the categories - ‘rental property’ or ‘property developing’ or ‘property tax advising’.

HMRC operates a strict code of conduct when publicising names and financial details of tax defrauders as defined by those who have been fined for deliberately making serious errors in their tax returns and are only named after a formal tax investigation has been completed and penalties issued.

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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/