Landlords are costing the Treasury £183m in tax in London alone, by not declaring their rental income.
The warning has come from Newham Council, which says landlords are taking rent in cash.
The authority has done its sums using its own database of 20,000 landlords in the borough.
Using these figures, it estimates that landlords are avoiding £183m in tax across London, by accepting £508m in rent paid cash in hand.
Newham has written to the Treasury highlighting the problem and proposing a joint project to stamp it out.
However, Newham said the Treasury has so far not responded.
Sir Robin Wales, mayor of Newham, said: “After just one full year, our licensing scheme has proved to be tremendously successful. We are already starting to see an improvement in our private rented sector by taking tough enforcement action on rogue landlords to improve the lives of tenants.
“Without our substantial investment into our licensing scheme, this fraudulent activity would go unchecked. The Government has the opportunity to recoup millions of pounds in undeclared tax from unscrupulous landlords, yet is refusing to engage with us in support of this.”
Comments (5)
blog and found your service helpful has
a friend who needs advice who do you think they will refer them to? credibility promotes your blog. research and understand what your blogging about.another way to promote your blog site is by joining other blogs. if you’re reading other blogs
an interview…think fresh, new content.you really need
to give the interviewer something new! nobody wants to read the same information about you in every single interview you conduct. of course, there are some facts you cannot change… facts are facts no matter how many times they are asked,
<strong>the assignment done, and seldom proofread or</strong>
edit-unless that process is covered in class-a process that definitely will not happen in college. in college, students are often given multiple papers to write per semester in more than one class. college students must write in an academic style that
<strong>topic must be an interesting one to</strong>
be able to drive more traffic to your blog. the money made here builds up overtime as traffic to the blog grows.make money by selling someone's product this is popularly known as affiliate marketing. your task is to refer potential buyer
<strong>you want people to receive value from</strong>
you. let's say that you are a good writer and you have enough experience in delivering good write ups or articles which seems to be very interesting, is there a chance for you to use these skills as a part-time job?