On 9th July HMRC (the Taxman) announced plans to target residential landlords in a new clampdown to treble the amount of tax raised from landlords.
The Taxman is looking to increase the powers it already has to specifically target landlords. HMRC believes that many of the estimated 1 million landlords fail to correctly report their tax situation and because of that they believe they can treble the amount of tax they collect from landlords.
