HMRC have launched 12 task forces aimed at targeting landlords with 3 or more properties in 2011/12 and more in 2012/13.
The buy-to-let taskforce will specifically target tax evasion among buy-to-let landlords who own or rent out more than three properties. HMRC taskforces form part of the government's aim to raise an additional £7bn a year by 2014/15 through tackling tax evasion, avoidance and fraud.
Mike Wells director of risk and intelligence at HM Revenue and Customs (HMRC), is quite clear: "If you deliberately seek to evade tax we can and will track you down and you'll face not only a heavy fine, but possibly a criminal prosecution as well."
The Task forces will gain information from:
Banks Mortgage applications
Land registry Electoral rolls
Council tax records Letting agents