DSH Chartered Accountants & Business Advisors is urging those involved in the rental property sector in the South East to ensure they have their house in order ahead of the latest HM Revenue & Customs clampdown.
The Maidstone-based firm’s advice comes after HMRC set up a taskforce to tackle rental property tax cheats across the region. The drive is expected to recover nearly £4 million.
Steve Carpenter, Tax Manager at DSH, said: “HMRC takes tax avoidance very seriously. This taskforce is expected to investigate up to 4,000 tax cases operating in the rental sector based across the South East. There are many rules and regulations affecting property and tax, raising the possibility of an unknown tax error that HMRC will be trying to uncover.
“We would encourage any business that would like to check that their tax payments are in order to contact us. We can also help mitigate and reduce the tax property owners pay.”
HMRC’s Jennie Granger, Director General Enforcement and Compliance, said: “HMRC is serious about tackling people who are not paying what they should. Anyone deliberately evading tax should watch out – HMRC is closing in on tax cheats. If you know anyone who is evading their taxes you can tell HMRC via the Tax Evasion Hotline by phone, on 0800 788 887, email or by post.”
To find out more about DSH Chartered Accountants & Business Advisors, visit www.dsh.co.uk or call 01622 690666.