Buy-to-let landlords who have admitted to evading tax on their rental income underpaid an average of £4,480 in tax last year, up 72% from an average of £2,610 underpaid the year before.
UHY Hacker Young, the national accountancy group, said it’s likely that landlords who have evaded larger amounts of tax are now beginning to come forward, as HMRC applies more pressure on the sector.
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