Landlords: Newham

HM Treasury written question – answered on 24th March 2017.

Alert me about debates like this

Photo of Stephen Timms Stephen Timms Labour, East Ham

To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effect of the Landlord Licensing Scheme introduced by the London Borough of Newham on supporting HM Revenue and Customs identify underpayment of tax by landlords.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

Recognising a risk of non-compliance within the residential rental market, HM Revenue and Customs (HMRC) launched the Let Property Campaign in September 2013 focused on the residential property letting market.

HMRC have collected a range of data relating to the whole landlord population including licensing data. The data is being used to identify landlords who have not reported the rental income they should have to HMRC. The Campaign has encouraged over 26,000 residential landlords to voluntarily come forward and disclose previously unreported rental income and unpaid tax on their rental income. In addition, the Campaign has generated £115m in additional tax, interest and penalties since its launch.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.