Wednesday, November 14, 2012

Forget Starbucks, these are the real dodgers

Exclusive: Private landlords evading at least £550 million tax on rental incomes

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 £550 million in tax. This compares with £1.8 billion of tax collected on rental income – meaning more than 23 per cent of tax is being evaded.

Posted by drewster @ 09:12 PM (1727 views)
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6 thoughts on “Forget Starbucks, these are the real dodgers

  • ontheotherhand says:

    Arguments against LVT include that it would be complicated to collect. I shall keep this news article to ask them what is simple about tax on income? Surely it would be better to tax the land value, and remove the tax on the landlords’ income from rent. The number would be the same, but it would not require this self assessment malarkey.

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  • Yeah, but at least these landlords are taking a stake in society, investing for the future and providing the feckless wannabe nail technicians with somewhere to live, true to the British bulldog spirit about a man’s home being his castle etc.

    Unlike those evil Yanks Starbucks who just suck up our money and send it abroad, it’s not like they pay for advertising to subsidise our newspapers or ever create any jobs or provide training opportunities or sell decent coffee or anything.

    I mean, if we scrapped VAT and PAYE and corporation tax and had LVT instead, then the hard working landlords would flee the country, taking their houses with them, and then what are we going to do for real wealth? Go to work and provide goods and services to each other? How’s that going to work?

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  • Evidence also shows that 90% of tax money received by the government is wasted on criminal activities, such as entertainment for the Peodo ring at Number 10. which Cameron is covering up.
    http://www.scotsman.com/news/uk/mp-claims-historic-link-between-paedophile-ring-and-no-10-downing-street-1-2595948

    Because if you are Goldman Sachs or the Military Industrial Complex, or even, if you are a Russian, EU or US Agent, there is nothing better for lobbying 10 Downing Street than compromised politicians who can be blackmailed.

    Of course Cameron would warn against a witch hunt. He likes compromised witches that he likewise can compromise, and one is forced to ask, is Cameron also compromised?

    Meanwhile, on behalf of Goldman Sachs, who get trillions in bailouts and the Military Industrial Complex, who get to bomb any brown people they wish, demand that Cameron shake down the public for all the tax possible, so they can continue ripping us off and living the good life. Meanwhile, free market economics have become more of a stale gulag economy, where anything not nailed down is stolen by the State on behalf of corporate interests and blackmail cover-ups.

    Maybe that explains a few things, eh? Like, how they NEVER act in our best interests?

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  • My landlord have not BTL mortgage, interest only tracker 0.5 above – which cost him £220 a month. All the 7 rooms he rent for £2700 a month minus bills which is around £2K untaxed money straight to his pocket on property worth 300K in SW London.

    Greed, illegal and my hands I tight also hates Mondays

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  • A couple of days ago there was a thread about the drop-off in readership on this site. Perhaps if we didn’t have to wade through the barrage of utter drivel that Libertas posts all the time then this would be less of an issue. This site is rarely about HP’s any more, it’s more about conspiracy theories from wackos with too much time on their hands.

    And libertas, don’t bother replying with your explanation of how a paedophile ring at Number 10 is keeping our house prices artificially high – you clearly haven’t had your medicine yet today so are only capable of spouting b0ll0cks.

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  • @4 Seven rooms, £2700, £300k property in SW? Move. Please.

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