HMRC Outlines Plans For Pay-As-You-Go Tax Bills

HMRC Outlines Plans For Pay-As-You-Go Tax Bills

The tax man wants banks and building societies to hand over information about rent payments made to buy to let landlords as they are paid as part of a ‘big data’ expansion. Although financial institutions and letting agents already have to make annual returns about...
Landlords Urged To Weed Out Cannabis Farms

Landlords Urged To Weed Out Cannabis Farms

Landlords and letting agents are in the front line of weeding out cannabis farms as criminal gangs increasingly turn rented homes and commercial properties into drug factories. Police are increasingly calling on landlords to regularly inspect their rental properties...
Quarterly Tax Returns On The Way For Landlords

Quarterly Tax Returns On The Way For Landlords

Landlords earning more than £10,000 a year are likely to have to make quarterly tax returns under Chancellor George Osborne’s new digital future for HM Revenue & Customs (HMRC). The proposal is landlord will have to report their income and expenses every three...
Why The Bank Of England Wants To Control Buy To Let

Why The Bank Of England Wants To Control Buy To Let

Bank of England governor Mark Carney wants buy to let mortgage rent cover ratios to ensure landlords are safeguarded from financial risk when interest rates rise. In his latest Financial Stability Report, Carney outlines his worries about landlord borrowing and...
Landlords Warned To Pay Taxes Or Face Jail

Landlords Warned To Pay Taxes Or Face Jail

The tax man has signalled a new tougher regime for landlords who fail to declare their rental income. One of HM Revenue & Customs (HMRC) chief fraud investigators has warned any landlord evading tax will face prosecution. Tax investigations are also likely to...