Half Newham landlords not registered for self-assessment

Newham council has discovered that half its 27,000 landlords have failed to register for self-assessment. Unpaid tax is estimated to be £200m in London alone.

Newham Council introduced a compulsory licensing scheme for landlords over 4 years ago and shared the landlord’s names and addresses with HMRC, according to a leading newspaper. HMRC has not confirmed any details but Newham council has stated that approximately 13,000 landlords have failed to register for self-assessment despite the legal obligation to do so.

HMRC has not ignored the information provided by Newham and is reported to have contacted these landlords as part of the Let Property Campaign which invites landlords to pay the tax owed plus interest. There are of course consequences for those that refuse to accept the ‘invitation.’

For more information please read:

https://painsmith.co.uk/newham-council-and-self-assessment/