Wednesday, November 14, 2012
Forget Starbucks, these are the real dodgers
Buy-to-let and other private landlords are evading over half a billion pounds in tax due on their rental income, new figures reveal. Estimates by HM Revenue & Customs (HMRC) and seen by the investigative website Exaro, reveal that that every year landlords are evading at least Â£550 million in tax. This compares with Â£1.8 billion of tax collected on rental income â€“ meaning more than 23 per cent of tax is being evaded.